US midday: S&P futures up 0.2896% in the last hour, ten-year yield at 5.23
US stocks are mixed at midday. S&P futures are up 0.2896% in the last hour and Nasdaq futures are up 0.202%, while the ten-year yield is at 5.23 and the dollar index is 102.13. Oil is firmer on the day and gold is little changed.
S&P 500 futures up 0.2896% in the last hourRates eased from earlier highs and risk appetite improved
Nasdaq futures up 0.202% in the last hourTech futures recovered modestly
US 10-year yield down 0.3429% in the last hour to 5.23Bonds snapped back after the yield hit 24-year highs
WTI crude up 1.6479% on the day to 91.91Oil stays elevated amid Middle East and supply concerns
Lead: US midday tape is mixed, with S&P futures up 0.2896% in the last hour and Nasdaq futures up 0.202% as the ten-year yield sits at 5.23 and the dollar index at 102.13.
Session narrative: Stocks remain choppy. SPY and QQQ are lower on the day, while IWM and Russell futures are outperforming. Bond markets have eased after an earlier spike that pushed the ten-year yield above 5.3%, and that snapback is helping risk.
Cross-asset check: WTI crude is 91.91, Brent 101.1, and gold is 4195.4. VIX is 16.77 after an earlier jump.
Themes & continuing stories: Rates, oil, and geopolitics are still driving the tape. US sanctions on Iran, Russia-Ukraine headlines, and persistent Fed-hike talk keep duration and energy under pressure.
What’s ahead: The jobs report is the next key catalyst and should reset Fed-rate expectations into the afternoon.