by Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl

(Reuters) – The New York Stock Exchange ended in mixed order on Tuesday after a seesaw session, with only the Nasdaq finishing in the green thanks to technology stocks while the S&P-500 and the Dow Jones fell slightly, as investors favored caution while awaiting quarterly results.

The Dow Jones index fell 0.02%, or 6.71 points, to 42,924.89 points.

The broader S&P-500 lost 2.78 points, or 0.05%, to 5,851.20 points.

The Nasdaq Composite advanced 33.12 points (0.18%) to 18,573.13 points.

The Nasdaq moved into the green when the yield on ten-year US Treasury bonds fell after having provisionally settled at 4.222%, a peak since July 26, in a context of reassessment of expectations in monetary policy.

Recalling the movements in bond yields in recent sessions, Jack Janasiewicz, portfolio manager at Natixis Investment Managers Solutions, said that the relative calm in the matter on Tuesday had helped to “bring a little calm”.

Michael Green, portfolio manager at Simplify Asset Management, noted “concerns that the Federal Reserve erred in its monetary policy decision by being too aggressive in September,” resulting in “movements for sale in general.

During its last meeting last month, the US central bank made an unusual rate cut of 50 basis points.

According to FedWatch, traders are betting 89.6% on the hypothesis of a rate cut of 25 basis points in November.

Markets are expected to remain volatile over the coming weeks, between quarterly results, economic data and the US presidential election, which will precede the next Fed meeting.

Nearly half of the major sectors of the S&P-500 finished in the green on Tuesday, including technologies, up 0.15% in the wake of Microsoft which gained 2.08%.

The industry declined 1.19%, led by GE Aerospace which fell 9% despite upwardly revised annual forecasts, as problems in supply chains continued to weigh on its revenues. Verizon fell 5.03% following disappointing quarterly results. Conversely, General Motors gained 9.81% after beating Wall Street’s expectations.

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(Written by Jean Terzian)

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