Stock Market Today: Dow Sinks 430 Points as Jobs Data Boosts Bond Yields

The main indexes sold off sharply Tuesday as job openings climbed and Treasury yields soared.

red arrows going lower in front of red stock chart
(Image credit: Getty Images)

Stocks took a nosedive Tuesday as shockingly strong jobs data sent Treasury yields spiking and raised expectations for another possible rate hike from the Federal Reserve.  

The main benchmarks opened modestly lower today, but mid-morning data showing an unexpected rise in the number of job openings sent them spiraling in afternoon trading. Specifically, the Bureau of Labor Statistics said earlier that August job openings climbed by 690,000 to 9.6 million – exceeding economists' forecasts for job openings to fall to 8.8 million.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.