Finance

Crude oil prices fell approximately 2% due to rising exports from the Middle East and a diesel fuel release in Europe. In an effort to curb historic fuel costs ahead of the upcoming midterms, U.S. President Donald Trump signed an executive order allowing cheaper, red-dyed diesel on public highways. This stabilization of energy costs helped lift sentiment across several stock market sectors.

The 10-year and 30-year U.S. Treasury yields eased from their recent multi-decade peaks, providing a minor tailwind for equities. Despite the daily retreat, yields still hover at elevated levels last seen in 2002, with the 10-year tracking above 5.2% and the 30-year hovering near 5.7%. The market remains highly sensitive to these movements ahead of scheduled commentary from Federal Reserve speakers and the release of central bank meeting minutes.

Bitcoin is trading near $86,000, which is roughly 32% lower than its all-time high of $126,080 achieved exactly one year ago. The broader cryptocurrency market cap has recovered slightly to around $2.26 trillion since its low point in mid-2026. Simultaneously, regulators are attempting to assert more control over the space, exemplified by a new Commodity Futures Trading Commission proposal aiming to register and govern digital asset exchanges that offer leveraged trading.