Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq 100 all in the red. Bond yields are up, impacting equities. Positive corporate news includes Dollar General, Hormel Foods, and Meta Platforms seeing gains. Job cuts rose in the US, while initial unemployment claims unexpectedly fell. President Trump plans to announce a new Fed Chair in early 2026. The markets are anticipating another rate cut by the Fed. Q3 earnings season is strong, with many companies exceeding forecasts. Overseas markets are mixed, with Euro Stoxx 50 up and Shanghai Composite down.

Interest rates are down for T-notes, while European government bond yields are mixed. Eurozone retail sales were unchanged, and the ECB may not cut rates in December. In stock news, chip makers are down, impacting the market. Cryptocurrency-exposed stocks also see losses. UiPath, Dollar General, and Brown-Forman are among the gainers. Genesco and UniQure NV see declines. Symbotic, Snowflake, Kroger, Halozyme Therapeutics, and Lennar are also down. Earnings reports are expected for various companies.

Read more at Barchart.: Stocks Pressured by Higher Bond Yields and Chip Stock Weakness