MARKETS

Tuesday, April 16, 4:40PM EDT

Wall Street stocks were mixed on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation. Bank of America shares fell after its first-quarter profits shrank and the bank set aside more money to cover souring loans from consumers whose finances are worsening. UnitedHealth said it expects the hack of its Change Healthcare unit to cost the company up to $1.6 billion this year but maintained its 2024 earnings forecast, suggesting a less severe impact of the cyberattack than many on Wall Street had feared. Morgan Stanley's first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management. The Dow Jones Industrial Average was up 0.17% at 37,798.97. The Standard & Poor's 500 Index fell 0.21% to 5,051.41. The Nasdaq was down 0.12% at 15,865.25.