US stocks mixed as soft PCE offsets Treasury yield pressure; Dow falls 0.86%

US equities closed mixed on Wednesday as a lower-than-expected PCE reading reduced Fed rate-hike bets, but persistent long-term Treasury yield stress weighed on indices, particularly the Dow. Tech strength supported the Nasdaq, which rose 0.24%, while the Dow fell 0.86% and the S&P 500 slipped 0.25%. The market remains caught between easing inflation signals and ongoing yield pressure.