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Good morning. Today is Wednesday, August 3rd and I'm your host Julie Morgan.

Our top stories, debt, hawkish, an update on Taiwan and later car sales Robin Hood and TJX companies.

Stocks ticked lower again on Tuesday adding to a retreat scene during the previous session.

The recent dip has trimmed gains

posted last week. A late slide left all the major averages underwater at the

close. The Dow Jones led the decline falling more than 400 points.

All 11 S&P sectors finish the session lower.

Real estate materials, industrial, and financials,

all posted declines of more than 1%.

In the bond market, the US 10-year Treasury

yield climbed 16 basis points to 2.76%. At the same time, the US 2-year

Treasury yield also advanced 16 basis points rising to 3.07 percent. In the earnings spotlight today, CVS Health, Yumb Brands, McKesson, Energy Transfer, MGM Resorts, and eBay.

In our day watch, the standout gainer in Tuesday session is Pinterest.

Pins surged almost 12% following the release of its quarterly results.

The social media firm's quarterly profit came in below the amount analysts were predicting.

However, the company's revenue largely matched expectations,

rising 9% from last year to reach almost $66 million. Analysts were expecting $667 million in sales.

Pins finished at $22.31, climbing $2.32 on the session.

This advance took the stock to its highest level since May, but it remains 39% lower for 2022.

Now our top stories.

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