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January 29, 2013

Stocks mixed on Wall Street, indexes near highs

(Continued)

NEW YORK —

The yield on the 10-year Treasury note rose by 1 basis point to 1.97 percentage points. The yield on the note, which moves inversely to its price, rose briefly above 2 percent for the first time since April during trading Monday.

Other stocks in the news;

— Ford fell 59 cents despite reporting earnings that beat analysts' estimates. The automaker said that its losses in Europe would be bigger than it had previously forecast. The company's stock has advanced 56 percent in the last six months.

— Seagate Technology, which makes hard disk drives for storage, fell $3.19 to $34.23 after it reported a 13 percent drop in profits as expenses outpaced revenue growth.

— Software company VMware fell $18.90 to $79.41 after it said that it late Monday that it expects first-quarter revenue to come in lower than Wall Street analysts had forecast. The company is also cutting 900 jobs, or about 7 percent of its workforce.

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