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Barchart
Barchart
Rich Asplund

Stocks Waver as Bond Yields Climb

The S&P 500 Index ($SPX) (SPY) is down by -0.11% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.09%. December E-mini S&P futures (ESZ26) are down -0.15%, and December E-mini Nasdaq futures (NQZ26) are up +0.04%.

Stock indexes are mixed today, with the broader market under pressure as stronger crude oil prices fuel inflation concerns and boost bond yields. WTI crude oil is up nearly +1% today, boosting inflation expectations and weighing on market sentiment. The 10-year T-note yield is up +6 bp to 5.00%. However, strength in chipmakers and AI-infrastructure stocks is limiting losses in the broader market, along with a rally in cryptocurrency-exposed stocks.

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