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U.S. stocks steady as Fed hawks
The U.S. stock session experienced volatility, initially declining due to rising oil prices, increased yields on U.S. Treasury bonds, and signals from the Federal Reserve toward tightening monetary policy. However, news that the United States and Iran are discussing a tentative agreement to resolve their disagreements helped reduce losses, and the market closed with little change. Additionally, markets were awaiting Chinese President Xi Jinping's visit to the United States, the first since 2015, during which he met with President Donald Trump to discuss security, technology, and artificial intelligence issues. The S&P 500 and Nasdaq indices closed relatively flat after earlier declines of 0.6% and 0.9%, respectively, while the Dow Jones Industrial Average fell by 0.3%. The bond market experienced fluctuations as the yields on 10-year Treasury bonds rose to 5.209%, a level not seen since July 2007.
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