Stocks pummeled as bond yields surge amid hot jobs data: Stock market news today

A Wall Street selloff intensified Tuesday as rising Treasury yields piled on pressure and investors got a reminder not to expect a Federal Reserve interest rate cut any time soon.by Fed policymakers reminded investors that resilience in the US economy likely means borrowing costs will stay higher for longer.

: The meme darling fell another 4.5% in early trading to hit its lowest level since February 2021 after the company namedShares were down nearly 9% after the company reported a year-over-year drop in quarterly profit. The stock is on track for its lowest close since March 2020.

The report also showed a decline in the quits rate, which is closely watched by economists as elevated quits are seen as a sign of confidence among workers. In August, the quits rate was unchanged at 2.3%, the lowest since January 2021. The JOLTS report showed 5.9 million hires were made in the month, a slight uptick from the 5.8 made last month.Point Biopharma, Boeing, and McCormick: Stocks trending in premarket tradingShares were down 5% in premarket trading on Tuesday.

Meta is in talks with European regulators to launch an ad-free subscription service, based on a report from the Wall Street Journal. The ad-free service is reported to cost $14 a month for Instagram on moblie devices and $17 a month for Instagram and Facebook on desktops. Yahoo Finance reporters Seana Smith and Brad Smith break down the report and what it means for the company at large.

TORONTO, October 02, 2023--RioCan Real Estate Investment Trust today announced that it is scheduled to release its financial and operational results for the three and nine months ended September 30, 2023 after the market closes on Thursday, November 2, 2023.NEW YORK/LONDON -Global shares fell on Tuesday, crushed by a fresh surge in Treasury yields, after data showed U.S.

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Stocks sink as bond yields surge: Stock market news todayThe Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.
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HP upgrade, Ford lay offs, Warner Music: Top StocksBank of America analysts issued a double upgrade on HP Inc. (HPQ) shares, promoting the stock to 'Buy.' Ford (F) temporarily lays off 330 additional workers amid the ongoing UAW strike. Lastly, Warner Music Group (WMG) stock was upgraded to 'Buy' by UBS analysts. Yahoo Finance Live anchors Brad Smith and Seana Smith take a closer look at several trending stocks from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Nasdaq Helps Japan Startups Escape Risk-Averse Home MarketDozens of Japanese startups are preparing to list on Nasdaq in the next few years as an unprecedented number of entrepreneurs turn away from an aging, risk-averse home market.
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