Stocks slip as China slumps, US yields climb on Fed expectations

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Key Points

NEW YORK (Reuters) A gauge of global stocks slipped on Tuesday after details over Chinas stimulus disappointed as investor focus shifts to upcoming U.S. inflation data and corporate earnings...

On Wall Street, U.S. stocks were higher in the early stages of trading as the benchmark S&P 500 bounced back from a drop of nearly 1% in the prior session, buoyed by gains in technology stocks, which gained about 1.3%...

Stocks had dropped in Mondays trading on increasing concerns about a wider conflict in the Middle East, and as last weeks solid U.S. payrolls report caused investors to reassess the size and pace of interest rate cuts from the Federal Reserve...

The Dow Jones Industrial Average fell 29.43 points, or 0.07%, to 41,924.81, the S&P 500 rose 33.38 points, or 0.58%, to 5,729.08 and the Nasdaq Composite rose 171.14 points, or 0.95%, to 18,093.92...

Hong Kongs Hang Seng Index plunged 9.4%, its biggest drop since 2008, as it erased of the big gains it made during a Chinese holiday, after economic planner Zheng Shanjie told reporters China was fully confident of achieving economic targets for 2024 and would pull forward 200 billion yuan ($28.36 billion) from next years budget to spend on investment projects and support local governments...

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