Market Brief – Tuesday 8/2/22

Stocks and Treasury yields started the day lower. Stocks were down a bit more and Treasury yields were a bit higher in early trading from their opening lows.

The Job Openings and Labor Turnover Survey (JOLTS) missed expectations as the number of job openings in June fell to 10.698 million from 11.303 million the prior month.

Stocks closed lower on the day while Treasury yields surged higher across the curve to close higher on the day.