Apple broke out and closed back above a $3 trillion valuation. MongoDB and Toll Brothers led overnight earnings.

Large and megacap stocks outperformed on the stock market today as the Dow Jones Industrial Average slipped, but fell much less than the Russell 2000. One large stock, Microsoft, got support at a key technical level while testing a 366.78 buy point, as concert venue upstart Sphere Entertainment sold off and hit five-month lows. The S&P 500 traded practically at the break-even point, off by just 2.6 points at 4,567.

Technology stocks led the way on Tuesday on a mixed day for the broader market. The Dow Jones Industrial Average fell about 80 points, or 0.2%. The S&P 500 was down 0.1%. The Nasdaq Composite rose 0.3%.

Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Apple and other megacaps gained while consumer staples stocks dipped after data showed U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing. "As interest rates rise and as demand slows, companies are pulling back on job openings, which is essentially what the Fed wants," said Sa...

A gauge of global stocks was poised for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks and the pace of slowing economic growth. Softening economic data and recent comments from Federal Reserve officials, including Chair Jerome Powell, have heightened expectations that the U.S. central bank has ended its interest rate hiking cycle and will begin to cut rates as soon as March. In addition, expectations h...

The European Commission is set to recommend postponing a controversial tariff on electric cars traded between the UK and Europe by three years, according to a Bloomberg report.

Government bond yields tumbled on both sides of the Atlantic on Tuesday as investors upped their bets that big central banks had finished raising interest rates. The rally for bonds — whose prices move inversely to yields — began after European Central Bank policymaker Isabel Schnabel said the region’s “remarkable” inflation slowdown has made further rate rises “rather unlikely”. The dovish comments sent benchmark German Bund yields down 0.1 percentage points to 2.24 per cent, the lowest level...

Wall Street's main indexes were mixed on Tuesday as investors assessed a fresh batch of economic data, including a jobs report, to gauge the probability of rate cuts by the Federal Reserve early next year, while megacap stocks rebounded from the previous day's losses. U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing, while U.S. services sector activity picked up in November. "The data is better than expected, meaning that th...

US job openings fell to their lowest level in more than two years in October, another sign of a cooling labour market that sparked a rally in government debt as traders bet on less aggressive monetary policy from the Federal Reserve. The job-openings data offers more evidence that the US central bank’s efforts to damp demand with high interest rates is working — although officials insist cuts to rates are not on the cards in the near term. US businesses advertised 8.7mn job vacancies in Octobe...

A gauge of global stocks was on track for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks as economic growth slows. Softening economic data and recent comments from Fed officials, including Chair Jerome Powell, have heightened expectations that the U.S. central bank has ended its interest rate hiking cycle and will begin to cut rates as soon as March. In addition, expectations have grown that the Europe...