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Stock market news today: Stocks slide as bond yields soar

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Eyes are on Fed Chair Jerome Powell's second appearance this week as policymakers send mixed messages on strategy.

The market will watch for Jerome Powell to let slip any clues to the chance of a rate cut when he speaks later, after the Fed chair stayed quiet on monetary policy at his appearance Wednesday.clawed back some lossesTech continues to lead as stocks waverThe recent rally showed signs of broadening out, with interest rate sensitive areas of the market like real estate and small caps rallying last week, but those trends have partly reversed in the past three trading sessions.

"I would much prefer to see high beta small caps, financials, act better," Lerner said."It just in general is typically a more healthy broad market. And if one area goes down, there's another area to pick it up." AMC's $0.09 earnings per share loss was narrower than the $0.20 loss that the Street had expected while the company's revenue came in at $1.41 billion, above estimates for $1.26 in revenue.Hollywood actors reached a tentative agreement with studios on Wednesday to end its 118-day strike — the longest in its history.

 

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