US stocks slipped on Tuesday as investors digested a recent bond market sell-off and braced for the next wave of earnings reports.
The S&P 500 (^GSPC) dropped about 0.2%. Meanwhile, the Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) were both off about 0.1%.
Stocks are coming under pressure amid growing doubts that the Federal Reserve will continue to cut rates aggressively — or even hold steady in November. Strength in the economy, cautious Fedspeak, and concerns about the fiscal impact of an election win by Republican nominee Donald Trump are factors in play.
Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards
Amid the uncertainty, the 10-year Treasury yield (^TNX) steadied around 4.2% after Monday’s sharp gains helped push it above that level for the first time since July. The bond selling has weighed on…
