Stocks Sink as Job Openings Surge, Japan Draws Real Estate Investment, and McCarthy Ousted as Speaker

Major U.S. indexes sank at least 1% Tuesday, pushing the Dow Jones Industrial Average into the red for the year.

There were 9.61 million job openings in August, well above the estimate of 8.8 million and 700,000 more than July's figure.

Foreign investment in Japan's real estate market rose by 45% in the first half of 2023 compared with the same period last year.

Eight hardline conservative Republicans joined all Democrats to oust Republican Kevin McCarthy as speaker in a "motion to vacate".

The 2-year yield, indicative of where markets think interest rates will settle, is currently at 5.154%, compared with last Friday's close of 5.048%.