Dow gives up gains | Stocks yield more than 30-year bonds | Oil overflow?

There's now a new type of "inversion" that might be a good sign for equities.

VIEW IN BROWSER | SUBSCRIBE TUE, AUG 27, 2019 EVENING BRIEF AS OF TUE, AUG 27, 2019 • 04:01 ET DJIA 25773.76 -0.48% -125.07 S&P 500 2868.84 -0.33% -9.54 NASDAQ 7826.95 -0.34% -26.79   Most Active DOW NAME LAST CHG %CHG AAPL 204.16 -2.33 -1.13% MSFT 135.74 +0.29 +0.21% CSCO 46.79 -0.31 -0.66% S&P 500 NAME LAST CHG %CHG GE 7.93 -0.12 -1.49% MO 45.26 -1.86 -3.95% AMD 30.20 -0.08 -0.26% NASDAQ NAME LAST CHG %CHG AMD 30.20 -0.08 -0.26% AAPL 204.16 -2.33 -1.13% MSFT 135.74 +0.29 +0.21% EDITOR'S NOTE Stocks erased some earlier gains Tuesday thanks to a worsening recession indicator from the bond market — the 10-year yield hitting its lowest level against the 2-year rate since 2007.    But there's now a new type of "inversion" that might be a good sign for equity bulls. For the first time since the financial crisis, stocks are earning more for investors than key long-term Treasury notes. The U.S. 30-year yield dropped below the S&P 500′s dividend yield on Tuesday. It's the first time since March 2009 — when the world was deep into a recession — that has happened, according to data from Bespoke Investment Group.  An inversion of any type might sound ominous, but this one is likely a good thing for stocks. For an investor aiming to hold something for the long term, equities are looking relatively attractive, according to Bespoke co-founder Paul Hickey.   "The takeaway is, if you can get an annual yield from a company that's going to pay you more than the 30-year Treasury and the company has a history of raising its dividend, for the long term, it's a better alternative than a Treasury," Hickey said.   JJ Kinahan, chief market strategist at TD Ameritrade, also says the hunt for yield might help support stocks — at least in the near term. Investors will continue to seek out more "safe stocks" — particularly those in the S&P 500 that offer an attractive dividend but have less perceived downside risk in a trade-related sell-off. Kate Rooney | CNBC Markets Reporter @Kr00ney TOP NEWS  Stocks erase gains as bond-market recession indicator, trade worries worsen Key yield curve inverts to worst level since 2007, 30-year rate under 2% Dudley encourages the Fed to help sway the 2020 election against Trump China insists it is unaware of calls to Trump and says tariffs are 'extreme pressure' and 'not constructive at all' The US is about to send a lot more oil into an already oversupplied world market Purdue Pharma offers $10 billion - $12 billion to settle opioid claims Roku is growing even faster than Netflix did at the same point, analyst says Philip Morris International, Altria confirm they are in talks to reunite A recession in 2020 would hurt Trump, but it wouldn't necessarily sink his reelection Ex-Google engineer charged with taking self-driving car trade secrets   CNBC PRO UBS chief economist Seth Carpenter: The new round of tariffs will hit spending 'aggressively'     TOP VIDEO Watch CNBC's full interview with Honeywell CEO Darius Adamczyk   SPECIAL REPORTS One China stock to buy and one to avoid, as tensions cool, according to MKM Partners Market's 'most critical' risk is the trade war, PNC warns   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS