Stock Market Today: FICO Worst Day in Decades, CCL & BE Top SPX #shorts

Welcome to the rap. I'm Marley Kaden here to take you through today's market action. Stocks shook off early weakness and closed. Little changed in Tuesday's session. September consumer confidence fell to its lowest level since 2014 and the 30-year Treasury bond yield went above 5.6%. That's the highest level since 2002. Utilities gained more than 1% and energy was the biggest lagger down 1%. Farah Isaac was the worst performer in the S&P 500 today, falling 27% after the FHFA announced changes to mortgage pricing. Director Bull Py says that quote, "Instead of two separate pricing grids, Fanny and Freddy are hereby moving to one pricing grid with Vantage Score joining the existing FICO Classic pricing grid." For decades, FICO has been the only credit score that Fanny and Freddy accepted for borrowers seeking financing. To the upside, Carnival Cruise Lines rallied 13% after posting record revenue in Q3. The results are lifting the entire cruise group, leading the sector higher as demand appears to be holding up despite geopolitical uncertainty and higher fuel costs. Bloom Energy also gained 11% and added to its more than 40% rally this month. Fremont, California, home to Bloom Energy's current manufacturing site, said the company purchased a 158,000qt facility to expand its operations. Morgan Stanley said that this is an indication of quote unquote continued strong demand for Bloom Energy. As we look ahead to tomorrow in the morning, the ADP employment report, the final reading of Q2 GDP, and August's PCE report are all being released. On the earnings front, we'll hear from Kagra and Jabo. They'll report pre-market before the much anticipated Micron report at the closing bell. That'll do it for the rap. I'm Marley Kaden. Remember, you can tune in 24/7 to schwabnetwork.com and subscribe to our YouTube