Shares on Wall Street pulled back on Tue, snapping an 8-session winning
streak. The Dow Jones Industrial Average lost 112.24 pts, or 0.31%, to close at
36,319.98. The S&P 500 index fell 0.35%. The tech-heavy Nasdaq Composite
Tesla (TSLA US, -11.99%) shares helped drag the market down, and according
to CNBC, Elon Musk is not selling 10% of his shares because of a Twitter poll.
CNBC says the “real reason” is that Musk faces a tax bill of more than US$15b
in the coming months on stock options.
General Electric (GE US, +2.65%) will split into three companies focused on
health care, power and aviation.
The yield on the 10-year Treasury note slipped 5.39 basis points (bps) to
1.4358%, hitting a fresh multi-week low. The yield of shorter maturities dropped
less. The 2-year yield dropped 3 bps to around 0.42%.