A renewed bout of volatility in the bond market impacted stock trading, with investors also awaiting earnings from a handful of big techs. Oil sank as Israel appeared to hold off on a broader ground invasion of Gaza.
After several twists and turns, the S&P 500 closed at its lowest since May. The gauge fell for a fifth straight session — its longest slide this year, while holding above the key 4,200 mark. That’s a technical support and represents a 50% retracement of the rally from the lows seen in the March banking turmoil. The Nasdaq 100 outperformed, with Microsoft Corp. gaining ahead of its results and Nvidia Corp. up about 4%. Treasury 10-year yields slumped after hitting 5%.
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