Stocks lower as better retail sales send yields higher ...Middle East

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Stocks lower as better retail sales send yields higher
The stocks are opening lower after better retail sales have pushed up yields, especially in the shorter end. The market seems to like lower yields vs. better growth. Fed's Waller yesterday poured some cold water on rates moving lower sooner rather than later. The market is still focused on the idea that the Fed has room to cut given the more recent decline in inflation. Fed officials are less convinced.2-year yield 4.343% +11.4 basis points10-year yield 4.101% +3.6 basis points30-year yield 4.317% +1.3 basis pointsThe rise has pressured the NASDAQ indice the most. It is down over -1.2%A snapshot of the market shows:Dow Industrial Average -125.92 points or -0.34% at 37234S&P index is down -3

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