Finance

Major U.S. stock indexes trended higher as geopolitical tensions eased following reports that the U.S. and Iran are nearing a provisional agreement to end their conflict. The S&P 500 rose roughly 0.12% to 7,403 while the Dow Jones Industrial Average climbed 0.38%, bolstered by expectations that a finalized deal could reopen critical trade routes.

The 10-year Treasury yield held steady at approximately 4.47% as investors balanced a hot Producer Price Index report against cooling geopolitical risks. Although producer inflation reached a multi-year high of 6.5%, the prospect of a diplomatic breakthrough in the Middle East has helped temper the surge in yields sparked by earlier labor market strength.

Cryptocurrency markets remained relatively stable on June 12, with Bitcoin trading near $63,360 as it tested long-term support levels. While the SpaceX IPO initially drained liquidity from the sector as investors freed up cash for the offering, improved risk sentiment across broader markets has allowed digital assets to maintain their positions despite persistent inflationary signals.