Thomson Reuters
- Stocks traded mixed on Tuesday as bond yields surged after a blowout retail sales report.
- Retail sales jumped 0.7% in September from the prior month, more than double forecasts.
- Investors fretted over higher-for-longer interest rates as economic data remains hot.
US stocks finished mixed on Tuesday as investors took in higher Treasury yields and a hotter-than-expected retail sales report.
Retail sales rose 0.7% through the month of September, blowing past economists' expectations for a 0.3% monthly gain.