"The S&P 500 index finished at a new all-time high on Friday, closing at 7,230, up 0.29%. The Nasdaq also put in some strong work to end the week, finishing the session at 25,114, up 0.89%."
"Oil prices fell on Friday after it was reported that Iran had submitted a negotiation proposal to the United States. Brent Crude closed Friday at $108.70, down 1.54%, while West Texas Intermediate ended the day at $102.30, down 2.66%."
"Yields were mixed across the Treasury curve on Friday, with some buying on the long end and some sellers showing up for the belly of the curve. The 30-year long bond closed trading Friday at 4.96% while the benchmark 10-year bond was last seen at 4.38%."
Futures are trading lower as oil prices surge due to geopolitical tensions, particularly involving a U.S. warship in the Strait of Hormuz. The S&P 500 index marked its best month since 2020, closing at a record high of 7,230. The Nasdaq and Russell 2000 also showed gains, while the Dow Jones Industrial Average declined. Treasury yields were mixed, with inflation concerns influencing fixed-income trading. Oil prices fell after Iran proposed negotiations with the U.S., but expectations remain for higher prices in the energy sector.
Read at 24/7 Wall St.
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