Midday Brief
Jul 08 · 12:00 PM EDT
Markets are retreating amid rising fear, with energy, consumer staples, and utilities holding up while industrials and discretionary sectors lag. The Fed's internal debate over rates and Saudi Arabia's crude price cuts are adding to the cautious mood as volatility spikes.
Market Snapshot›
| Index | Price | Change |
|---|---|---|
| S&P 500 | 7,432.72 | -0.95% |
| Dow Jones | 52,110.94 | -1.54% |
| Nasdaq | 25,558.66 | -1.01% |
| Russell 2000 | 2,930.62 | -1.74% |
| VIX | 18.23 | +13.02% |
Sentiment:Fear (40)+10 from last week
Sector Performance
Leaders
Energy+2.32%
Cons. Staples+0.35%
Utilities+0.12%
Laggards
Materials-2.96%
Cons. Disc.-2.42%
Industrials-1.70%
Cross-Asset Moves
10Y Yield
4.59%
+0.06
Gold
$4,044.10
-2.44%
Oil (WTI)
$75.94
+7.81%
Bitcoin
$61,632.90
-2.63%
USD Index
101.26
+0.12%
HYG
$79.56
-0.25%
Current Headlines
- Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a whileCNBC
- Saudi Arabia slices crude oil prices, but is it enough?Reuters
- We're exiting our position in an AI chipmaker to lock in big gainsCNBC
- The American Dream is missing one key ingredient, says Harvard happiness expert: Without it, 'life is pretty grim'CNBC
- Delta launches 'basic business' fares without lounge access, seat selectionCNBC
Watch for CAG's earnings report this afternoon for further direction amid the cautious market backdrop.
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