NEW YORK — (AP) — Most U.S. stocks are weakening Tuesday, as continued worries about high interest rates compete with strong profit reports from some big companies.
The S&P 500 was 0.3% lower in morning trading, coming off a sharp loss after bending under the pressure from a jump in Treasury yields. The Dow Jones Industrial Average was up 77 points, or 0.2%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.
A 5.3% climb for UnitedHealth helped support the market after the insurer reported stronger results for the first three months of the year than analysts expected. Morgan Stanley was another winner, rising 3.8%, after likewise topping expectations.
But the majority of stocks on Wall Street were falling. Northern Trust slumped 3.1% after the financial services company reported weaker earnings than analysts expected. Johnson & Johnson sank 1.2% despite topping profit forecasts. Its revenue came in a …