U.S. stocks mixed, treasury yields rise as Fed chair search begins and inflation ticks up
Dow Jones slumps over 300 points as financials weigh; Nasdaq hits record U.S. Treasury yields climbed and the Dow Jones Industrial Average fell on Tuesday after Treasury Secretary Scott Bessent initiated the formal selection process for a new Federal Reserve chair, while June inflation data met expectations but fueled tariff concerns. The Dow slid 313…