U.S. equities are under pressure: the S&P 500 -0.75% at 7,706, the Nasdaq -0.69% at 26,936, the Dow -1.03% at 51,512. The VIX sits at 15.2 (+2.4% today), inside its normal range.
The 10-year Treasury yield is climbing at 5.11% — the number behind mortgage rates and Washington's interest bill. The dollar index is at 101.1 (+0.7%). Elsewhere: gold down 1.2% at $4,323/oz; WTI crude down 2.2% at $92.50/bbl; Bitcoin at $84,460 (-2.0%).
Among big names, PLTR leads gainers at +3.68%, while WFC lags at -5.30%. Rate moves and energy prices feed straight into the political fight over inflation — match this against the headlines above.