Audio Briefs

Oil remained sharply higher and chip stocks sold off, leaving the Nasdaq Composite as the clear laggard at the close.

Crude oil was up about 5% near midday, and that inflation shock kept stocks under pressure even as energy shares rallied.

Crude oil jumped about 4% and long Treasury yields climbed before the opening bell, pulling stock futures lower and putting energy inflation back at the center of the premarket.

Stock futures pointed lower as Treasury yields, the dollar, and oil climbed, putting rate pressure and energy risk back at the center of the premarket.

The S and P 500 and Nasdaq touched records late this morning as Treasury yields eased.

Nasdaq 100 futures were up 0.32%, and Dow futures were up 0.43%.

The Nasdaq set another record as Nvidia, Microsoft, and Broadcom rose, even with the 10-year Treasury yield above 5.3%.

Stocks were higher late this morning, while faster service-sector price growth and a 10-year Treasury yield near 5.32% kept inflation pressure in view.

Friday’s soft jobs report reset the immediate rate debate, but it did not clear the pressure from long-term yields.

Both official Nasdaq calendars confirm a regular United States trading session today.