Finance

U.S. stock indexes managed to stabilize and finish nearly flat following several intraday turns and sharp reversals. A late-session push from Big Tech stocks helped the tech-heavy Nasdaq Composite erase earlier losses and edge slightly into positive territory. However, the Dow Jones Industrial Average suffered a 0.3% loss, marking its third straight day of declines under persistent pressure from the bond market.

Crude oil values hovered near multi-month highs but trimmed their initial daily peak following reports of potential diplomatic progress in the Middle East. Prices had previously escalated over $96 a barrel due to naval shipping disruptions and missile attacks targeting Saudi Arabian sites. Gains were partially capped after indications emerged that U.S. and Iranian negotiators were exploring a deal to lift blockades around the Strait of Hormuz.

Digital currency values retreated sharply from recent eight-month highs as macroeconomic headwinds resurfaced. Bitcoin fell to the $83,000 range, suffering over a 2% decline, while Ethereum experienced a similar drop to trade near $2,646. The selloff was primarily triggered by climbing rate-hike probabilities for the upcoming Federal Reserve policy meetings later this year.