Wall Street mixed as yields uptick weighs on tech; Boeing soars

By Ambar Warrick and David French (Reuters) – Wall Street indexes were showing mixed performance on Monday as technology stocks reversed course on concerns over rising Treasury yields, although possible plane orders stemming from the Dubai Airshow pushed up Boeing and the Dow Jones benchmark. The Nasdaq gave up early gains to trade lower, as heavyweight technology stocks retreated. Higher Treasury yields tend to weigh on tech, as they discount future earnings from the sector. Bank stocks benefited from rising yields, with the financials sector adding 0.3%. Yields rose as investors positioned f…

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