US stocks mixed despite Microsoft news

Wall Street tussled again with interest rate concerns today, closing mixed as a solid earnings report from Microsoft lifted tech stocks but failed to spark broad-based buying in other sectors.

The major stock indicators managed gains for the day, and a modest advance for the week. But declining issues had a 2-to-1 lead over advancers on the New York Stock Exchange today, reflecting Wall Street’s general uneasiness about rising rates.