LIVE MARKETS-U.S. stocks gyrate as traders digest data, eye rising yields

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U.S. STOCKS GYRATE AS TRADERS DIGEST DATA, EYE RISING YIELDS

The main U.S. stock indexes are mixed in volatile trade early on Tuesday as economic numbers pushed the U.S. 10-year Treasury yield to eighth month high.

Indeed, markets are digesting above estimates December ISM non-manufacturing PMI (54.1 vs a 53.3 estimate) and November JOLTS job openings (8.098M vs a 7.7M estimate).

With this, the U.S. 10-year Treasury yield US10YT=RR, ahead of a $39 billion auction, hit 4.693%, or its highest level since 4.694% on May 1 of last year.

Despite the Nasdaq .IXIC down more than 1% and the S&P 500 index .SPX lower, a majority of S&P 500 sectors are now higher with energy .SPNY, up more than 1.5%, leading. NYMEX crude futures CLc1 are also posting gains. Consumer discretionary .SPLRCD, off more than 1.5%, is taking the biggest hit.

Under the surface, gold stocks .HUI are an outperformer. The HUI is up more than 2%. This as spot gold XAU= is also in positive territory on the day.

Here is a snapshot of where markets stood around 1015 EST:

(Terence Gabriel)

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FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:

ANALYST SEES BITCOIN OVER $200,000 BY END OF 2025 - CLICK HERE

S&P 500 INDEX: SANTA DISAPPOINTED, BUT NEW YEAR STILL BRINGS SOME CHEER - CLICK HERE

HIGH EQUITY VALUATIONS NO IMPEDIMENT TO FURTHER GAINS - UBS - CLICK HERE

GOING FOR GOLD - CLICK HERE

SPORTSWEAR SECTOR'S CYCLICAL DOWN-CYCLE IS ENDING - BOFA - CLICK HERE

DON'T SELL EUROPEAN AUTOS WHEN SENTIMENT IS AT A TROUGH - CLICK HERE

EUROPEAN SHARES MIXED - CLICK HERE

EUROPE BEFORE THE BELL: FUTURES RETREAT - CLICK HERE

INFLATION RUNS HOT IN THE EURO ZONE - CLICK HERE

(Terence Gabriel is a Reuters market analyst. The views expressed are his own)