US Stocks Mixed as Yields and Oil Stay Volatile
US stock indices closed mixed on Thursday amid renewed bond and oil volatility. The S&P 500 and Nasdaq were near flat, while the Dow shed 162 points. The 10-year US Treasury yield topped 5.15% before retreating to around 5.1%, remaining at 2007 highs. The 30-year yield climbed to its highest level since 2004. Borrowing costs rose as oil prices increased amid heightened US-Iran tensions. However, reports suggested US and Iranian negotiators were closer to an agreement to restore tanker flows through the Strait of Hormuz. Oil trimmed gains, easing yields on shorter-dated maturities. AI hyperscalers closed mixed, with Alphabet up 1.3% and Meta adding 4.5% following positive feedback on its AI agent software and gadget releases. Microsoft shed 0.5%, while Amazon was flat. Oracle fell 3.5% after declaring force majeure over setbacks to a data center development in New Mexico. Chipmakers were also mixed amid heavy debt issuance for AI infrastructure.
US stock indices closed mixed on Thursday amid renewed bond and oil volatility. The S&P 500 and Nasdaq were near flat, while the Dow shed 162 points. 1%, remaining at 2007 highs. The 30-year yield climbed to its highest level since 2004.
Borrowing costs rose as oil prices increased amid heightened US-Iran tensions. However, reports suggested US and Iranian negotiators were closer to an agreement to restore tanker flows through the Strait of Hormuz. Oil trimmed gains, easing yields on shorter-dated maturities. 5% following positive feedback on its AI agent software and gadget releases.
5%, while Amazon was flat. 5% after declaring force majeure over setbacks to a data center development in New Mexico. Chipmakers were also mixed amid heavy debt issuance for AI infrastructure.