Market Snapshot
S&P 500 (SPY) — 757.39 (-0.46%) [Twelve Data] · Nasdaq 100 (QQQ) — 704.54 (-0.65%) [Twelve Data] · Dow Jones (DIA) — 521.23 (-0.62%) [Twelve Data] · Gold (GLD) — 394.15 (+0.33%) [Twelve Data] · US Oil (USO) — 161.86 (+3.32%) [Twelve Data] · Bitcoin (BTC) — 75,951 (-1.95%) [Binance US] · Ethereum (ETH) — 2,403 (-3.56%) [Binance US]
Stock Markets
U.S. equities closed lower as the 10-year Treasury yield touched 5%, a psychological threshold that signals either a ceiling for rates or the start of a sustained regime of higher borrowing costs, according to the Wall Street Journal. The benchmark yield's rise adds pressure on everything from mortgage rates—now closing in on 7% for the first time since early last year, per Freddie Mac—to corporate loan pricing, complicating the outlook for both consumers and businesses. The S&P 500 fell 0.46%, the Nasdaq 100 dropped 0.65%, and the Dow Jones declined 0.62%.
