Dow Jones Falls As Yields Rise; These New Cathie Wood Buys Trade Mixed

The Dow Jones Industrial Average fell as Treasury yields spiked. A trio of stocks, including Coinbase (COIN), had mixed fortunes despite Cathie Wood buying more shares. Alibaba (BABA) went on a magic carpet ride on a restructuring move. Apple (AAPL) and Microsoft (MSFT) fell. X A couple of noteworthy stocks attempted breakouts despite the challenging action. Both CGI (GIB) and Sovos Brands (SOVO) tested buy points. Treasury yields continued to rise. The 10-year yield rose 4 basis points to 3.57% while the two-year yield spiked 10 basis points to 3.66%. The yield curve remains inverted, traditionally an indicator of a…