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Barchart
Barchart
Rich Asplund

UNBELIEVABLE: Stocks rise as crude prices fall and bond yields stabilize - Caught on Camera

The S&P 500 Index ($SPX) (SPY) is up by +0.26% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.34%. December E-mini S&P futures (ESZ26) are up +0.24%, and December E-mini Nasdaq futures (NQZ26) are up +0.35%.

Stock indexes are moving higher today amid weakness in crude oil prices and stable bond yields. WTI crude oil is down more than -1% on a report that US and Iranian negotiators are exploring a phased deal to reopen the Strait of Hormuz. The lower crude prices are easing inflation risks and stabilizing bond yields, after the 10-year T-note soared to a 19-year high of 5.22% on Thursday. The 10-year T-note yield is little changed at 5.18% today.

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