Nasdaq, Dow, S&P trade mixed as market looks to lock in gains going into Fed week.

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The stock market is finding it hard to gain traction Friday with more action in the bond market as rates slide sharply.

The S&P 500 (SP500) is -0.1%, Dow (DJI) is +0.1%, and the Nasdaq Composite is (COMP.IND) -0.4%.

Treasury yields sank further after the flash July S&P Global services PMI sank to 47 from 52.7, raising recession worries. Economists had expected it to stay steady. The manufacturing PMI came in a littel better than forecasts.

The 10-year Treasury yield is down 15 basis points to 2.76%, while the 2-year is down 14 basis points to 2.96%.

Among active issues, online ad stocks are under pressure after a disappointing report from Snap. Twitter missed on the top and bottom lines, but is only down slightly as mDAUs arrived in line.

And GameStop starts trading at its post-split price today.

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