Official data shows China factory activity contracting

Stock picks and investing trends from CNBC Pro:Overnight stateside, the Dow Jones Industrial Average edged 90.73 points higher to 34,390.72 while the S&P 500 gained 0.16% to 4,359.46. The Nasdaq Composite shed 0.24% to 14,512.44.The moves came as investors continued watching the 10-year Treasury yield, which crossed the 1.5% level on Monday and has since remained above that mark, last sitting at 1.541%. Yields move inversely to prices.Currencies and oilThe U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.31 following a recent climb from below 94.The Japanese yen traded at 112.02 per dollar, having weakened from below 111.6 against the greenback yesterday. The Australian dollar changed hands at $0.7189 after falling from above $0.728 earlier this week.Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures falling 0.31% to $78.40 per barrel. U.S. crude futures slipped 0.21% to $74.67 per barrel.

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