Finance

Major U.S. stock indexes fell into negative territory as investors grapple with surging bond yields and high energy prices. The S&P 500 is on track for its third consecutive session of losses, pausing a recent technology-led rally that had previously pushed the Nasdaq to record closes.

Crude oil futures experienced a slight correction after a 4% surge in the prior session, with Brent staying elevated above $102 a barrel and WTI near $91. Trading remains highly volatile as market participants weigh aggressive threats from the U.S. executive against recent Iranian statements indicating openness to indirect diplomatic negotiations.

Spot gold and futures contracts plummeted below the $4,300 per ounce threshold, driven by a strengthening U.S. dollar and hawkish signals from Fed policymakers. The rising probability of consecutive rate hikes in the final quarter of the year has diminished the appeal of the non-yielding precious metal.