U.S. equities are trading higher: the S&P 500 +0.65% at 7,799, the Nasdaq +0.81% at 26,803, the Dow +0.13% at 53,840. The VIX sits at 14.6 (+0.6% today), inside its normal range.
The 10-year Treasury yield is easing at 4.64% — the number behind mortgage rates and Washington's interest bill. The dollar index is at 100.0 (-0.0%). Elsewhere: gold down 0.1% at $4,405/oz; WTI crude down 2.5% at $81.18/bbl; Bitcoin at $63,336 (-0.1%).
Among big names, XYZ leads gainers at +6.17%, while BAC lags at -1.10%. Rate moves and energy prices feed straight into the political fight over inflation — match this against the headlines above.