Stock market today: Dow, Nasdaq, S&P 500 recover from lows as Treasury yields hit highest level since July

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Earnings Reports,Federal Reserve,Donald Trump

Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

US stocks recovered from earlier session lows in late trading on Tuesday as investors digested a recent bond market sell-off and the next wave of earnings reports. The S&P 500 hugged the flatline after dropping about 0.2% earlier in the trading day. Meanwhile, the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite each ticked up around 0.1% and 0.2%, respectively.

2% after Monday's sharp gains helped push it above that level for the first time since July. The bond selling has weighed on rate-sensitive stocks such as real estate, with rising yields typically a catalyst for stock drawdowns. On the earnings front, General Motors raised its guidance for the third time this year as upbeat EV sales helped deliver a quarterly profit and revenue beat. GM shares were up more than 10%.

 

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