Stock market today: S&P 500 posts back-to-back losses for first time since September as rally stalls

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Nasdaq Composite,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 session lows but finished the day mixed as investors digested a recent bond market sell-off and the next wave of earnings reports. The S&P 500 and Dow Jones Industrial Average closed just below the flatline, while the tech-heavy Nasdaq Composite ticked up around 0.2%. It was the first first back-to-back negative days for the S&P 500 since Sept. 6.

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 closed up more than 10%.

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