US close mixed as rates, oil and FX keep pressure on the tape
US equities finished mixed with the S&P 500 ETF at 763.3, the Nasdaq 100 ETF at 740.36, the VIX at 16.53, the US 10-year yield at 5.29 and WTI crude at 90.63 as rates, oil and the dollar steered the close.
S&P 500 futures -0.2102%Higher ten-year yield and firmer volatility
Nasdaq futures 0.2711%Held up better than broad equities into the close
US 10-year yield 0.7231%Rates repricing stayed in focus
WTI crude 1.3985%Energy and inflation concerns supported oil
Lead: US stocks ended mixed as rates, oil and FX set the tone. The S&P 500 ETF finished at 763.3, the Nasdaq 100 ETF at 740.36, the VIX at 16.53, the US 10-year yield at 5.29 and WTI crude at 90.63.
Session narrative: The Dow ETF and Russell 2000 ETF lagged, while Nasdaq strength held through part of the session before fading late. The ten-year yield climbed, long-duration Treasuries slipped, and the dollar index firmed. Crude stayed bid with Brent also higher. Germany CPI added to the inflation backdrop.
Cross-asset check: Equities were mixed, rates were higher, the dollar was firmer, and oil was stronger. The VIX rose 3.0549%.
Themes & continuing stories: Quarter-end bond repricing, energy-led inflation pressure, and geopolitical risk stayed in focus. German CPI and regional security headlines kept the macro tone defensive.
What’s ahead: Watch S&P futures, the ten-year yield and dollar-yen for follow-through, plus crude for spillover into the next session.