The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.23%. December E-mini S&P futures (ESZ26) fell -0.25%, and December E-mini Nasdaq futures (NQZ26) rose +0.24%.
Stock indexes settled mixed on Wednesday, with the Dow Jones Industrial falling to a 3.5-month low. Stocks erased early gains as the broader market turned lower, as rising crude oil prices boosted inflation expectations and pushed bond yields higher. WTI crude rose more than +1% on Wednesday, and the 10-year T-note yield climbed to a 19-year high of 5.30%.
