S&P 500 Erases Losses as US, Iran Reportedly Discuss Hormuz Deal: Stock Market Today
Stocks pared a sharp morning selloff after sources said US and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz.
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Nasdaq 100 Slips, 10-Year Yields Hit 19-Year Highs: Stock Market Today
Stocks slid as the 10-year Treasury yield hit a 19-year high on blowout PMI data; cybersecurity stocks bucked the selloff.
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Shares of oil and gas-related companies are trading higher as energy prices gain amid a perceived lack of progress in U.S.-Iran peace talks taking place alongside UN meetings. Also, activist interest in Devon Energy may be drawing attention to value in the exploration and production industry.