US midday: S&P futures hold gains, ten-year yield near 5.29, oil firmer
US equities are mixed at midday, with S&P futures up 0.4882% and Nasdaq futures up 0.7872% while the ten-year yield sits at 5.29 and WTI crude trades at 91.26. Traders are weighing cooler PCE data against elevated rates, a firmer dollar, and fresh Fed-hike commentary.
Nasdaq futures +0.7872%Cooler inflation data is supporting growth-sensitive futures despite higher rates.
S&P 500 futures +0.4882%Equities are firmer, but gains are tempered by the ten-year yield at 5.29.
US 10-year yield +0.7231%Yields remain elevated as traders weigh Fed comments and inflation pressure.
WTI crude +2.1034%Oil is still firm, reinforcing inflation concerns after the latest data.
Lead: US midday tape is mixed, with S&P futures up 0.4882% and Nasdaq futures up 0.7872% while the ten-year yield sits at 5.29 and WTI crude is 91.26. Session narrative: The broad message is rates over risk, even as cooler PCE data keeps buyers in large-cap tech. The Dow ETF is slightly lower, and TLT remains under pressure. Cross-asset check: The dollar index is 101.41, USD/JPY is 157.294, and gold is 4190.3. Themes & continuing stories: Inflation, energy, and Fed-hike chatter remain the main drivers. What’s ahead: Traders are watching whether futures can hold gains into the afternoon with yields and crude still elevated.