Stock market today: Dow, S&P 500, Nasdaq slip as investors rethink rate-cut bets

Given the current dip in the stock market and the lowered expectations for rate cuts, investors may want to consider a defensive approach. Stocks that usually perform well during periods of economic uncertainty might be favorable. Additionally, proceeds from earnings reports could offer insights into sectors poised for growth despite market fluctuations.

With the rate of Treasury yields nearing 4%, it's prudent to expect continued pressure on stock prices. Consequently, ETFs or stocks closely tied to interest rates may further decline as the market digests the implications of higher borrowing costs on corporate profitability.

On the flip side, congruently rising oil prices may benefit energy sector stocks and ETFs. Investors could look towards energy stocks as a potential hedge against broader market volatility, especially with the backdrop of increasing oil prices stemming from geopolitical tensions.