Oil-driven inflation worries lift yields as Wall Street ends mixed

US crude settled up 70 cents at $82.48 amid a ninth night of US–Iran strikes; the 10-year yield rose to 4.594% while the S&P 500 slipped 0.19% and the Nasdaq 100 edged up 0.04%.

Deepakshi

Kristal Research & Marketing team

21 Jul2 min

Key takeaways — AI summary

US indices finished split: the Nasdaq 100 rose 0.04% to 28,604, the S&P 500 fell 0.19% to 7,443 and the Dow dropped 0.59%, with the Fed in its pre-meeting quiet period and little economic data.
Oil led the day as US–Iran strikes ran for a ninth night and an Iranian attack on Jordan killed two US service members; US crude settled up 70 cents at $82.48 and Brent rose to $89.22.
Inflation worries pushed bond prices down, lifting the 10-year Treasury yield about 0.05 points to 4.594% and mortgage rates to 6.67%, near a one-year high; gold rose 0.59% to $4,031.
AMC Entertainment jumped 27.32% on record quarterly revenue of $1.6 billion, while Ryanair fell 5.83% after profit dropped to €538 million from €820 million as unhedged fuel costs more than doubled.
Confirmed oil flow through the Strait of Hormuz fell to roughly 4 million barrels a day on a 10-day average, down from about 15 million in late June and the lowest since late May.

Generated by Kristal AI · reviewed by the research desk

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