US stocks end mixed as yields jump after Biden picks Jerome Powell to lead the Fed for a 2nd term

Federal Reserve Chair Jerome Powell listens as President Joe Biden nominates him for a second four-year term.Kevin Lamarque/ReutersUS stocks ended mixed on Monday after President Biden nominated Jerome Powell for a second term as Fed chairman.Biden also nominated Fed governor Lael Brainard as vice chair of the Federal Reserve.The yield on the benchmark 10-year Treasury…