Wall Street Wobbles: Rising Yields Challenge Earnings Season

U.S. stock indexes fell as rising Treasury yields affected rate-sensitive sectors. GE Aerospace and Verizon showed weaker-than-expected earnings, impacting their stocks. Meanwhile, General Motors exceeded expectations, and megacaps were mixed. Investors remain cautious amid earnings announcements, economic data, and U.S. election results, influencing interest rate discussions.

U.S. stock indexes experienced a decline on Tuesday, affected by a rise in Treasury yields, which put pressure on rate-sensitive sectors. Companies like GE Aerospace and Verizon reported earnings that failed to meet projections, resulting in a notable fall in their stock values.

In contrast, General Motors outperformed expectations in the third quarter, causing its stock to rise significantly. The technology sector saw mixed outcomes, with Microsoft experiencing gains while Apple and Nvidia fell.

Investors are closely analyzing recent earnings data, upcoming economic indicators, and the implications of the U.S. presidential election. This cautious approach is driven by uncertainties about future interest rate changes and their potential impact.

(With inputs from agencies.)