Highlights
Major stock indexes seesawed to end mostly lower Wednesday in a mixed market with weakness focused in technology megacaps even as the AI momentum trade continued with Nvidia a notable winner. The Dow Jones industrial average was flat while the S&P 500 lost 0.1 percent and the Nasdaq was down 0.6 percent. Bond yields and oil prices rose while dollar declined.
Equities appear relatively unfazed by the slow re-escalation of the US-Iran war and rising oil prices while bonds appear to be taking the inflation threat more seriously with bond yields back to the year’s highs.
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