S&P 500 ends Tuesday near where it started at $4,373 after a mixed trading day

US equities ended Tuesday mixed as Wall Street spreads on US Retail Sales beat. Tech stocks see losses after US restricts chip sales to China. Treasury yields spiked once again, 10-year yield sees4.836%. 20, down -0.43 points. The NASDAQ Composite saw a 0.25% loss to end the day down 34.24 points into $13,533.75, while the Dow Jones Industrial Average eked out a minor gain of 0.04%, rising 13.11 points to end the day at $33,997.65.

The US Retail Sales data beat,coupled with solid earnings beats for both Bank of America and Goldman Sachs, sent US Treasury yields into 17-year highs as strong consumer activity and bumping summer profits show the Fed's interest rate hikes may not be tying down the US domestic economy as many investors would be hoping for in order to get the rate cut cycle started, and continued upbeat data printings will see the Fed punished even further out on anticipated rate cuts, which are currently...

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