The main indexes sold off sharply Tuesday as job openings climbed and Treasury yields soared. Stocks took a nosedive Tuesday as shockingly strong jobs data sent Treasury yields spiking and raised expectations for another possible rate hike from the Federal Reserve. The main benchmarks opened modestly lower today, but mid-morning data showing an unexpected rise in the number of job openings sent them spiraling in afternoon trading. Specifically, the Bureau of Labor Statistics said earlier that Au
While today's selling was widespread, EV stocks Rivian and Fisker sizzled after receiving bullish analyst attention. The September selloff resumed Tuesday with stocks closing lower across the board. In addition to rising Treasury yields, sentiment took a hit after the latest batch of economic data came in worse than expected and as a looming government shutdown sparks concern over another potential U.S credit downgrade. Earlier today, The Conference Board said its consumer confidence index fell
Its share price fell 1.4% to $101.46 at Tuesday's close – declining for a ninth straight day and marking the longest slump since the company's IPO in 1980.