CNBC Daily Open: Treasury yields have made a return, like an unwelcome ex

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Yields continue weighing on stocks
U.S. stocks slumped Wednesday as Treasury yields continued rising.  Europe's regional Stoxx 600 index fell 0.3%. Separately, policymakers at the European Central Bank are not unanimous over the need to lower rates by half a percentage point at its December meeting.

Tesla beats earnings forecast
Tesla shares jumped 12% in extended trading after the company's third-quarter earnings beat Wall Street estimates. However, Tesla's revenue for that period, up 8% year on year, marginally missed expectations.

IBM's revenue misses expectations
IBM's third-quarter revenue missed expectations. For the period, its top line grew 1.5% year over year, largely boosted by the consensus-beating $6.52 billion in revenue from IBM's software segment. IBM thinks overall revenue will expand by around the same amount for the fourth quarter. Its shares fell around 3% in extended trading.

'Time to be a little bit cautious'
Norges Bank Investment Management, which manages Norway's sovereign wealth fund, said the current state of geopolitics and stock markets warrant a cautious approach. "It is a time to be a little bit cautious, and I think the risks are more on the downside in the equity markets than on the upside," Trond Grande, deputy CEO of NBIM, told CNBC Tuesday.

[PRO] A 6,600 goal for the S&P in 2025?
The S&P 500 has been on a tear in 2024. There are several headwinds that might slow down the rally before the year ends, said Piper Sandler's chief market technician. But he thinks the S&P