Finance

Major U.S. stock indices ended mixed as the heavy tech sell-off dragged down both the tech-heavy Nasdaq Composite and the benchmark S&P 500. Conversely, the Dow Jones Industrial Average managed a modest gain to buck the downward trend, finding support as bond market yields retreated from earlier session highs.

International benchmark Brent crude climbed past $104 per barrel following increased anxieties over potential production impacts from Hurricane Isaias and geopolitical friction involving tanker lanes in the Middle East. However, prices partially settled below their daily highs after reports emerged stating that the U.S. would not take military action against Iran prior to the upcoming midterm elections.

The 10-year Treasury yield fluctuated significantly, reversing earlier upward momentum that had pushed it close to 5.37%, a level unseen in over two decades. Bond yields ultimately stabilized later in the day following strong investor demand during an auction for 30-year bonds.