Stocks sink as bond yields surge: Stock market news today

Wall Street stocks fell in early trading 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 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.

Rigetti Computing Awarded DARPA IMPAQT Contract to Advance Quantum Algorithms for Solving Combinatorial Optimization Problems

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Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is avertedBANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Markets in China are closed for a weeklong holiday. Markets in South Korea also were closed. Oil prices gained and U.S. futures were higher as the threat of a U.S. federal government shutdown receded after Congress approved a temporary funding bill late Saturday to keep federal agencies open until Nov. 17. Japan’s Nikkei 225 index advanced after a central bank survey showed business confi
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