US Midday: Stocks softer as yields stay high and oil pulls back from the highs
S&P futures are higher on the hour, but the ten-year yield is 5.24 and WTI crude is 92.83 as traders balance firmer risk sentiment against still-elevated rates and Iran headlines.
Nasdaq futures -0.8506% day, +0.4683% 1hTech futures are still down on the day even after an hourly bounce.
S&P 500 futures -0.519% day, +0.3166% 1hBroad equities are firmer off the lows but still negative on the session.
US 10-year yield +1.1188% day, -0.5313% 1hRates stay elevated despite a slight pullback in the last hour.
WTI crude +0.4545% day, -2.7143% 1hCrude has eased from the latest spike but remains a headline risk.
Lead: US midday trade is softer on the day even after an intraday bounce. S&P futures are higher on the hour, but the ten-year yield is 5.24 and WTI crude is 92.83, keeping rates and energy in charge. Session narrative: Nasdaq futures, S&P futures, Dow futures and Russell futures are all still negative day-to-day, while VIX is 15.83. Cross-asset check: Dollar index is 101.12, dollar-yen is 157.299, gold is 4168.5, and silver is 61.69. Themes & continuing stories: Iran and oil remain the main tape drivers, with inflation pressure from energy still front and center. What’s ahead: Afternoon risk should keep reacting to crude, yields, and any fresh geopolitical headlines into the close.