Oil falls more than 1%, while US stocks remain slightly lower as yields rise
US crude is down more than 1% and the US 10-year Treasury yield is hovering around 5.25% and edging higher; major indexes trade slightly red and most S&P 500 sectors are lower.
25% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Oil Eases, But Us Stocks Struggle To Find A Lift Wall Street's major indexes are slightly lower early Tuesday, though the overall tone is weaker as a pullback in oil prices does little to lift spirits. NYMEX crude futures are down more than 1%, a move that might normally ease inflation worries and support stocks. Instead, investors remain focused on Treasury yields, which continue to climb.
25% and appears headed for a sixth straight daily gain. The last time the benchmark yield rose for more than five consecutive sessions was a seven-day streak that ended in October 2024. 8% or more. 6%, is leading the gainers.
Under the hood, chip stocks are showing resilience and rank among the market's stronger groups, while software and services are lagging. For now, falling oil prices are offering little relief as higher Treasury yields continue to weigh on sentiment. m. EDT.
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