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Wall Street ends near flat, but financials climb with yields

Reuters India
Wall Street ends near flat, but financials climb with yields

NEW YORK (Reuters) - U.S. stocks ended little changed on Friday as financials rose with bond yields, while news that President Donald Trump instructed aides to proceed with tariffs on about $200 billion of Chinese products limited gains. The S&P financial index .SPSY was up 0.7 percent, leading percentage gains among sectors. Benchmark U.S. Treasury yields US10YT=RR rose above 3 percent earlier in the day but were last off those levels. At the same time, the rate-sensitive S&P utilities index .SPLRCU fell 0.5 percent. A source familiar with the White House decision also said the timing for activating the additional tariffs was unclear. The move came despite Treasury Secretary Steven Mnuchin’s