S&P 500 and Nasdaq ease off record highs as Treasury yields and oil rebound

AI Market Summary
U.S. equities eased from record highs as a rebound in Treasury yields and oil prices tightened financial conditions and lifted input-cost risk. The 30-year yield at the highest since 2002 and Brent back above $100 heightened caution ahead of Fed meeting minutes. Semiconductors lagged, dragging the Nasdaq, while breadth weakened across most S&P sectors, led by materials and industrials, partially offset by energy and healthcare.
Impact level
● High
Affected assets
NCSISP5002USD/USDT-0.39%
AI Insight · NCSISP5002USD/USDTAI Insight
▼ Bearish
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U.S. Treasury yields and oil prices rebounded, prompting investors to turn more cautious as the S&P 500 and Nasdaq slipped from record highs. Brent crude climbed back above the psychologically important $100 a barrel mark. The Dow fell more than 470 points, while eight of the S&P 500’s 11 sectors traded lower led by materials and industrials. Energy and healthcare edged higher.