Wall Street stocks gave up early gains on Thursday as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings. U.S. Treasury yields continued to climb after economic indicators seemed to confirm the Fed's inflation views. The Dow Jones Industrial Average rose 37.32 points, or 0.14 percent, to 26,186.71, the S&P 500 lost 1.83 points, or 0.06 percent, to 2,821.98 and the Nasdaq Composite dropped 25.62 points, or 0.35 percent, to 7,385.86. Banks, which benefit from higher interest rates, led the S&P 500 financials to a 1.0 percent gain, with Goldman Sachs helping to push the Dow into positive territory. Of the 11 major sectors of the S&P 500, four posted gains. Declining issues outnumbered advancing ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq, a 1.01-to-1 ratio favored advancers. The S&P 500 posted 29 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 82 new highs and 66 new lows. Volume on U.S. exchanges was 7.80 billion shares, above the 7.23 billion average for the full session over the last 20 trading days.
