Treasuries Rally, Stocks Mixed as Drop in Job Openings Boosts Rate Cut Hopes
• U.S. Treasuries rallied on Tuesday after job openings fell to lowest level since March 2021, strengthening rate cut hopes.
• Major stock indexes were mixed, with Nasdaq advancing while Dow and S&P dipped slightly.
• Drop in job openings seen as positive sign by Fed that economy is cooling, supporting soft landing scenario.
• Falling Treasury yields suggested traders growing more confident in soft landing, rate cut expectations.
• CVS Health shares jumped after raising 2024 guidance; Take-Two Interactive shares volatile after long-awaited GTA 6 trailer release.