Stocks Stumble as Bond Yields Rise on Hot Inflation Data

Stock market rally retreated as Treasury yields rebounded following hotter-than-expected CPI report and poor 30-year bond auction.

Major indexes came off lows but breadth was weak. Nasdaq fell back below 50-day line, Dow hit 200-day resistance again.

Earnings season kicks off Friday with JPMorgan, Citi, Wells Fargo. UnitedHealth also reports.

Megacaps were mixed. Apple edged up, Microsoft held key support. Meta gave up some gains. Amazon hit resistance at 50-day.

Market hitting resistance after recent gains. Investors should watch key levels on indexes and be ready to pare exposure if uptrend falters.