Stock market today: S&P 500, Nasdaq extend losses as yields jump

1. 10:45 AM ET

   Losses have widened since the last update: the S&P 500 is now down 0.65% at 7,500.57 and the Nasdaq Composite has fallen 0.74% to 25,065.11, both slipping further from their mid-morning levels. The 10-year Treasury yield has climbed further to 4.993%, and Reuters reported that a Reuters poll of economists now points to one more Federal Reserve interest-rate increase in December given persistent inflation risks.

2. 10:15 AM ET

   The S&P 500 has trimmed some of its morning decline, now down 0.21% at 7,534.34, while the Nasdaq Composite is off 0.08% at 25,232.65. The 10-year Treasury yield has jumped 2.57% to 4.988%, with Reuters reporting that investors are raising their bets on a half-point Federal Reserve interest-rate increase after the core consumer price index (CPI) reading matched the threshold Fed Governor Christopher Waller had flagged.

3. 9:45 AM ET

   Stocks opened lower Tuesday and have stayed in the red through the morning, with the S&P 500 off 0.46% at 7,515.13 and the Nasdaq Composite down 0.52% at 25,122.67. The Bureau of Labor Statistics reported Tuesday that October inflation came in above forecasts for both goods and services, according to CNBC, adding pressure on the Federal Reserve as it works to bring price growth down.

The session so far

The session so far

All three major indexes are lower, with the Russell 2000 index of smaller companies down the most at 1.24% and the volatility index (VIX) up 3.31%, pointing to rising caution among investors. Breadth is weak, with 121 of the 503 S&P 500 members higher and 382 lower.

None of the eleven S&P 500 sectors are in positive territory. Industrials and materials are the weakest groups, each down about 1.06%, while financials and energy are holding up relatively better with declines under a quarter of a percent. No industry group is showing a notably uniform move in either direction today.

The biggest moves

Take-Two Interactive is the session's biggest gainer, up 8.35%, followed by Twilio, up 4.93%, and Global Payments, up 4.23%; the facts and sources available do not explain these moves, so we can only note that the stocks are advancing.

Steel Dynamics and Broadcom are also among the top gainers, rising 3.10% and 3.06% respectively, again without a reported explanation.

On the downside, Skydance Corporation is the steepest decliner, down 9.48%, followed by GE Vernova, down 6.72%, and Moderna, down 5.28%; no source in our research explains these declines. Nvidia is down 5.05%, though the Wall Street Journal reported that the stock was on course to recover some of its earlier losses during the session. First Solar rounds out the biggest decliners, down 5.02%, with no reported reason available.