US Stocks Reverse Gains

US stocks moved into negative territory to start Q4, with the S&P 500 falling 0.3%, the Nasdaq declining 0.2% and the Dow Jones shedding 245 points, reversing early gains as Treasury yields continued to rise and oil prices climbed again, weighing on sentiment. Meanwhile, the ISM Manufacturing PMI pointed to a surge in manufacturing prices despite a smaller slowdown in factory activity. Materials and real estate were the worst-performing sectors, while energy outperformed.