Stock market today: Indexes slide and yields rise as rate-cut outlook dims

• Stocks slumped Tuesday amid rising enslaved yields.
• Investors are adjusting outlooks for liking complaint cuts from nan Fed.
• On nan net front, Tesla, UPS, and Boeing will study later successful nan week.

US stocks headed for their 2nd losing convention successful a row, pinch awesome indexes slumping Tuesday greeting amid a emergence successful enslaved yields.

Investors were put disconnected by a steep jump successful nan US 10-year Treasury yield, which surged 11 ground points connected Monday. The cardinal enslaved output jumped supra 4.2% for nan first clip since July.

Though yields person since steadied astatine astir 4.176%, nan emergence indicates that traders person pared backmost hopes for a steep easing rhythm from nan Federal Reserve. Commentary from Fed officials this week calling for "gradual" and "modest" cuts pursuing a streak of basking economical information triggered investors to rethink their expectations.

More commentary will travel connected Tuesday from Philadelphia Fed President Patrick Harker. Five different officials will speak passim nan week.

Investors are besides monitoring further net releases. Tesla is scheduled to station its third-quarter capacity connected Wednesday. Boeing is besides owed to study connected Wednesday, while UPS will study results connected Thursday.

Here's wherever US indexes stood astatine nan 9:30 a.m. opening doorbell connected Tuesday:

• S&P 500: 5,829.63, down 0.42%
• Dow Jones Industrial Average: 42,789.86, down 0.33% (-141.74 points)
• Nasdaq composite: 18,491.77, down 0.26%

Here's what other happened today:

• Wall Street is divided complete nan market's fate. Here are nan carnivore and bull cases made by apical banks.
• Why famed short-seller Carson Block won't stake against Tesla.
• Wall Street keeps raising its value target connected Nvidia. Here's why bullishness endures.
• China is group to go Russia's biggest pipeline state customer this year.

In commodities, bonds, and crypto:

• West Texas Intermediate crude lipid was up 0.98% to $71.25 a barrel. Brent crude, nan world benchmark, was higher by 0.74% to $74.84 a barrel.
• Gold was higher by 0.49% to $2,752.30 an ounce.
• The 10-year Treasury output was fundamentally level astatine 4.176%.
• Bitcoin slid 0.82% to $67,078.