Stock indexes closed mixed on Wednesday, with the S&P 500 and Dow Jones down and the Nasdaq 100 up. Lower bond yields were supportive, with 10-year T-note yield falling to 4.14%. Eurozone inflation concerns eased, sending European bond yields lower. US service sector strength was positive, with ISM services index rising unexpectedly. MBA mortgage applications rose, but ADP employment change and JOLTS job openings fell. Focus is on US economic data this week. Overseas markets were mixed. Defense stocks tumbled, chipmakers and mining stocks moved lower. Cybersecurity stocks rose. Earnings reports include Acuity Inc, RPM International, and TD SYNNEX Corp.

Read more at Barchart: Stocks Settle Mostly Lower as Early Rally Fades