The S&P 500 Index ($SPX) (SPY) is down by -0.27% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.43%. December E-mini S&P futures (ESZ26) are down -0.36%, and December E-mini Nasdaq futures (NQZ26) are down -0.57%.
Stock indexes are under pressure today after crude prices erased an overnight decline and turned higher, lifting bond yields and undercutting market sentiment. The 10-year T-note yield jumped to a 19-year high of 5.04%. Also, chipmakers and AI-infrastructure stocks are sliding today, weighing on the broader market and giving back some of Tuesday’s gains that pushed the Nasdaq 100 to a new record high.
