Stocks end mixed, oil prices rise despite release of crude

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed mixed on Wall Street Tuesday after a day of wobbly trading. Losses in big technology stocks and companies that rely on consumer spending tempered gains elsewhere in the market. The S&P 500 rose 0.2%, The Dow Jones Industrial Average rose 0.5% and the Nasdaq slipped 0.5%. Prices for crude oil and wholesale gasoline rose despite the fact that President Joe Biden ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs. The move was made in concert with other big oil-consuming nations. The yield on the 10-year Treasury rose to 1.68%.