Wall Street Stocks End Flat Amid Bond Market Volatility
Stocks on Wall Street ended Thursday's trading session nearly flat after a volatile day of fluctuations. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all experienced losses and gains throughout the day.
The bond market played a significant role in the price movements, with the yield on the 10-year Treasury jumping to 5.20% from 5.11% late Wednesday. This high yield can slow down the overall economy by increasing borrowing costs and affecting stock prices.
The uncertainty surrounding the war with Iran and its impact on oil prices also contributed to the volatility. Brent crude's price swung from $102 to around $99 before settling at $100.22, up 2.1% from the prior day.