Stock market news today: Bank of Japan surprises global bond markets – Markets Insider

US stocks traded mixed Tuesday as the Bank of Japan took a surprise hawkish turn on its monetary policy.   
Japanese policymakers announced they would allow benchmark bond yields to trade as high as 0.5%. The country’s 10-year bond yields surged as a result, Japanese stocks sold off, and the yen climbed.
That move mirrors those of other central banks as they navigate an increasingly complex economic outlook. Last week, the European Central Bank raised rates and adjusted its outlook to accommodate for more increases to come. At the same time, recession fears in the US continue to swirl on the back of the Fed’s most recent 50-basis-point move, and Jerome Powell’s indication that rates still have higher to go.
The Fed’s preferred inflation gauge—personal consumption expenditures for November—will be published Friday. 
Meanwhile, investors will be watching after the bell Tuesday for earnings from Nike and FedEx.
Here’s where US indexes stood as the market opened 9:30 a.m. on Tuesday: 
Here’s what else is going on: 
In commodities, bonds, and crypto: 
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