Stock Market Today: Bond Yields, Goldman a One-Two Punch for the Bears

The 10-year Treasury yield hit a two-year high and Goldman whiffed on its Q4 earnings report, sending 10 of 11 sectors into the red Tuesday.

A person looking at a logo of Goldman Sachs on their phone, with a stock chart as the background
(Image credit: Getty Images)

Any bit of calm investors enjoyed over the long holiday weekend was sapped quickly Tuesday morning as the markets kicked off the short week with a faceplant.

Vexing the technology sector (-2.5%) specifically and the major indexes broadly was yet more upward momentum in interest rates, with the 10-year Treasury reaching 1.86% – a level last seen in January 2020.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.


Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 


You can check out his thoughts on the markets (and more) at @KyleWoodley.