Oil Price Reprieve Steadies US Stock Market

The US stock market is experiencing a reprieve from rising oil prices, which has helped steady the markets. The S&P 500 added 0.3% after fluctuating between gains and losses throughout the day.

This comes after a three-day losing streak caused by significant swings in bond yields. Despite this downturn, the S&P 500 remains near its all-time high set last month and is on track to finish its first winning week in the last three.