Bonds & Stocks
A decline in oil prices brought some relief to Wall Street, with stocks bouncing despite a renewed bout of volatility in giant chipmakers. The S&P 500 rose 0.3%. The yield on 10-year Treasuries advanced three basis points to 5.26%.
Economy
The dollar rally is forging ahead as soaring oil prices weigh on currencies of energy importing nations and global inflation fears persist.The Bloomberg Dollar Spot Index is extending its advance into a fourth week to notch a nearly 3% gain in the period — its longest winning streak since early 2025.
World
President Donald Trump said in a social media post that the US would “not be attacking Iran” before November’s midterm elections, citing what he said were “productive discussions” with the Islamic Republic.