U.S. equities are mixed: the S&P 500 -0.25% at 7,712, the Nasdaq -0.52% at 26,402, the Dow -0.02% at 53,560. The VIX sits at 14.4 (-0.6% today), inside its normal range.
The 10-year Treasury yield is climbing at 4.72% — the number behind mortgage rates and Washington's interest bill. The dollar index is at 99.7 (+0.5%). Elsewhere: gold down 1.7% at $4,530/oz; WTI crude down 0.2% at $83.40/bbl; Bitcoin at $78,888 (+1.4%).
Among big names, AMZN leads gainers at +3.97%, while PYPL lags at -12.71%. Rate moves and energy prices feed straight into the political fight over inflation — match this against the headlines above.