EDITOR'S NOTE
Bond yields continued to stabilize Tuesday, but the stock market didn’t seem to care anymore as major averages pulled back from a broad rally in the previous session.
The S&P 500 slid 0.8% following its best day since June, while the Dow Jones Industrial Average dipped 143 points. The tech-heavy Nasdaq Composite underperformed with a 1.7% decline. The yield on the benchmark 10-year Treasury note fell another 4 basis points to 1.41%, well below last week’s high of 1.6%.
One stock that turned heads Tuesday was Rocket Companies, whose shares surged more than 70% on no apparent news. 
The online mortgage provider currently has large short bets placed against it by hedge funds and appears to have garnered some bullish interest from day traders on Reddit's infamous WallStreetBets chat room.
Nearly 40% of its available shares are sold short and it is near the top of the list of U.S. companies in terms of size of short bets by hedge funds, according to FactSet. That makes it a classic target for meme-obsessed investors, who this year have been storming together into shares and call options of heavily shorted companies in order to squeeze out short sellers. TOP NEWS
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