U.S. equities are trading higher: the S&P 500 +0.43% at 7,674, the Nasdaq +0.43% at 26,180, the Dow +0.98% at 53,277. The VIX sits at 15.1 (-5.5% today), inside its normal range.
The 10-year Treasury yield is climbing at 4.74% — the number behind mortgage rates and Washington's interest bill. The dollar index is at 98.8 (-0.1%). Elsewhere: gold up 2.4% at $4,624/oz; WTI crude down 0.9% at $87.06/bbl; Bitcoin at $77,434 (-1.1%).
Among big names, COIN leads gainers at +8.20%, while INTC lags at -2.24%. Rate moves and energy prices feed straight into the political fight over inflation — match this against the headlines above.