Stock market holds steady as bond yields and Bitcoin stabilize

The US stock market is holding steady on Tuesday, with the S&P 500 rising 0.1% and the Dow Jones Industrial Average up 0.2%. The Nasdaq composite was 0.5% higher, led by gains in MongoDB, which jumped 23.4% after delivering stronger-than-expected quarterly results. United Natural Foods also climbed 7.3% after reporting a stronger profit than expected, while Signet Jewelers dropped 4% after giving a disappointing forecast for the holiday shopping season. The US economy is holding up overall, but there are sharp divisions beneath the surface, with lower-income households struggling with inflation and richer households benefiting from a strong stock market. In the bond market, Treasury yields were calming after jumping the day before, with the 10-year yield holding at 4.09% and the two-year yield easing to 3.52%. Bitcoin pulled back above $91,000, helping stocks of crypto-related companies bounce back from sharp slides on Monday. The US Federal Reserve is set to meet next week, and hopes are high that it will cut its main interest rate, but what comes after that is uncertain. The Fed has already cut its overnight interest rate twice this year, but lower rates can fan inflation higher, and inflation has remained above the Fed's 2% target. Investment giant Vanguard said its data suggests the US labor market remains stable but is still soft compared to last year, with hiring numbers slower on a month-to-month basis. The US stock market's stability is also reflected in overseas markets, with indexes moving modestly across much of Europe and Asia, although South Korea's Kospi jumped 1.9% for one of the world's bigger moves.