Stock futures are little changed after Wall Street posts third straight losing day: Live updates - CNBC
U.S. stock markets saw a modest recovery as Treasury yields stabilized following a three-day losing streak. Investors remain focused on oil price volatility and geopolitical tensions involving Iran.
Why it matters
Market stability is currently highly sensitive to energy prices and bond yields, which serve as key indicators for broader economic health.
Stocks rose on Wednesday as U.S. Treasury yields took a breather from the recent run-up that sent them to multiyear highs.
The S&P 500 advanced 0.46% to 7,666.60, while the Nasdaq Composite gained 0.45% to close at 26,217.83. The Dow Jones Industrial Average added 295.07 points, or 0.56%, to end at 53,061.95. The 30-stock index was boosted by a rise in shares of Nvidia and Johnson & Johnson .
Stocks have been pressured lately by elevated bond yields as traders worried about the impact of rising oil prices on inflation. The S&P 500, as well as the tech-heavy Nasdaq and 30-stock Dow, snapped a three-day losing streak.
The benchmark U.S. 10-year Treasury note yield hit a high of 4.818% on Wednesday — a level not seen since November 2023. Yields in the U.K., Germany and France also rose. In Japan, the 10-year government bond yield traded around multi-decade highs.
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