Stocks were mixed but mostly weaker Tuesday amid profit-taking pressure and mixed earnings news. The Dow Jones industrial average rose 0.4 percent, the S&P 500 eased 0.1 percent and the Nasdaq lost 0.7 percent. US Treasury yields were mixed with long end yields lower and yields for other maturities higher. Oil prices rose while the dollar declined.

An uptick in most yields after stronger than expected job openings and consumer confidence figures weighed on risk appetite and contributed to profit-taking in stocks after their recent run-up.

Trading remained hesitant ahead of more big earnings news due after the US close and macro news later in the week, including the Federal Reserve policy announcement on Wednesday and the employment report on Friday.

Among sectors, consumer discretionary, financials, and technology outperformed while lagging were energy, industrials, real estate, health care, and consumer staples. On the downside, UPS suffered from a bleak outlook to weigh on logistics shares. JetBlue had a bad day after gloomy guidance despite earnings and revenues beats. On the positive side, GM rallied on upbeat guidance and Danaher gained after topping earnings and revenue expectations

Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.

Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.