The US Stock market ended the day up from intraday trading lows and on the micro single stock big story today Oracle ended the day 3.47% down after recuperating some days losses from the low . over all a sideways day with the s&p 500 not changed .
Global markets navigated rising Treasury yields and geopolitical tensions. Investors focused on central bank comments regarding sticky inflation and the broader implications for economic growth.
The US 10-year Treasury yield surpassed 5.15%, with the speed of the climb becoming a key market narrative. Fed officials continued to signal likely rate hikes to curb inflation, while Banxico held its benchmark rate citing persistent core inflation.
Oil prices jumped 4% as Houthis fired missiles at Saudi Arabia and an ongoing Red Sea risk surge pushed Saudi oil export costs. Talks to reopen the Strait of Hormuz and end the US blockade offered some relief, but overall Mideast instability kept energy markets volatile.
Individual stock movers included Revvity Inc hitting a 52-week high, while CVS Health shares fell for an eighth consecutive session. EquipmentShare dropped after a short report. The Fed also proposed new stablecoin rules.
Watch for tomorrow's durable goods orders print and continued central bank rhetoric.