Stocks end mixed as S&P rises, Dow slips; Best Buy surges 13%

|By:, SA News Editor

Market recap: The S&P finished with a modest gain after four straight losses, as some major retailers posted better than expected results and Treasury yields receded from two-year highs.

Best Buy surged 13% after posting a surprise Q2 earnings increase; Urban Outfitters (+8%) and TJX (+7%) also gained after reporting solid results.

Uncertainty still surrounds Fed taper plans; the FOMC is due to release its latest meeting minutes on Wednesday, and the Fed will host its annual meeting of global central bankers later this week.

Home builders also displayed relative strength following recent weakness, benefiting from easing yields.

Crude oil futures sank 2% to settle at $104.96; gold gained 0.5% to $1,373.10.