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Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher

Yahoo Finance
Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher

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Wall Street can't shake off the war jitters. Futures are pointing lower again, with the tech-heavy Nasdaq off 0.6%, the S&P down 0.2% and the Dow sitting on the gain line.

On the commodities market, Brent punched above $95 a barrel after the latest US strikes on Iran. Trump isn't backing down either, warning he'll hit Tehran "much harder" if Iran hits back.

Bond markets are feeling the heat too. The 10-year yield jumped to 4.79%, and the 30-year hit 5.27%, as inflation fears creep back into the conversation.

There's a side plot brewing with Canada as well. Mark Carney wants Washington to "stop throwing shade" before trade talks resume, though Bessent insists there's no war to speak of.

Today's watch list: ADP jobs data lands as a warm-up act for Friday's payrolls, while Broadcom, H-P and Snowflake report after the bell.

Original Headline

Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher