Midday: S&P futures softer as oil spikes, yields stay high and risk wobbles
S&P futures are softer at midday while the ten-year yield sits at 5.27, the dollar index at 102.29 and VIX at 15.37. WTI crude is 90.95 and Brent is 103.59 after an intraday jump, while gold is 4143.2. The S&P 500 ETF is down 0.5147% and the Nasdaq 100 ETF is down 1.2214%.
Nasdaq futures -0.6871% dayTechnology remains the main laggard in a risk-off tape.
S&P 500 futures -0.3343% dayEquities stay softer as oil and policy headlines weigh on risk.
WTI crude 3.0245% dayOil jumped more than 5% on a Gulf tanker attack before easing.
US 10-year yield -0.2274% dayYields back off as long-duration Treasuries firm.
Lead: S&P futures are softer at midday, with the ten-year yield at 5.27, the dollar index at 102.29 and VIX at 15.37. Energy is still the main market driver.
Session narrative: The Nasdaq 100 ETF is down 1.2214% and the S&P 500 ETF is off 0.5147%. Oil jumped more than 5% on a Gulf tanker attack, then eased after Trump said the US would not attack Iran before the midterms.
Cross-asset check: Long-duration Treasuries are firmer, and the ten-year yield is lower on the day. Gold is 4143.2, while Brent is 103.59 and WTI crude is 90.95.
Themes & continuing stories: Rates, oil and geopolitics remain the key mix. AI infrastructure stocks stay exposed to borrowing costs. VIX remains near 15.
What’s ahead: Watch the afternoon tape for follow-through in S&P futures, oil, and the dollar as traders position for the close.