Stock Market Today: Spiking Treasury Yields Keep Pressure on Stocks

Stronger-than-expected September retail sales sent government bond yields back toward recent highs.

closeup of black stock chart with orange moving average and red and green volume bars
(Image credit: Getty Images)

Stocks were notably lower in early trading Tuesday as investors took in the latest retail sales data and another batch of bank earnings. The main indexes managed to pare most of these losses by the close, though, even as Treasury yields spiked.   

Ahead of the opening bell, data from the Census Bureau showed retail sales rose 0.7% from August to September, more than economists were expecting. Excluding auto sales, retail sales were up 0.6%. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

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.