Traders react as the Dow Jones Industrial Average breaches the $50,000 mark on the floor of the New York Stock Exchange (NYSE) in New York City, USA on February 6, 2026.
Brendan McDiarmid | Reuters
of S&P500 Oil prices and U.S. Treasury yields were largely unchanged Thursday as traders hoped for a resolution to the Middle East conflict, as oil prices and U.S. Treasury yields were volatile.
The broad market index fell 0.1%. Nasdaq Composite It fell 0.2%. of Dow Jones Industrial Average It rose by 169 points (0.4%).
West Texas Intermediate Futures It ended with a slight drop to around $98 per barrel. brent crude oil It also fell slightly to about $104 per barrel.
Oil prices initially soared after Reuters reported, citing sources, that Iran’s supreme leader had ordered enriched uranium to remain in the country, further complicating prospects for a resolution to the U.S.-Iran war.
U.S. Treasury yields also rose following an earlier jump in oil prices as traders grew worried about rising inflation. However, the benchmark yield is 10 year Treasury bill and 30 year bond It then fell back and ended up rising more than 1 basis point to 4.582% and falling less than 1 basis point to 5.107%.
Stocks rose on Wednesday, ending a three-day losing streak. S&P500as oil prices and bond yields fell. Investor spirits were lifted after President Donald Trump said he was in the “final stages” of negotiations with Iran, according to a pool report.
“If oil prices stay above $100 and inflation accelerates, which could happen, there could be near-term concerns about that and we’d hear about big headline risks,” Wealth Alliance CEO Robert Conzo said. However, he noted that the current level of the CBOE Volatility Index (around 17) indicates that investors are “quite comfortable” given the prevalence of artificial intelligence, strong earnings, and low unemployment.
“We’re looking at the agreement,” he said.
Traders also scrutinized Nvidia’s latest quarterly report on Thursday. In addition to announcing a 25-cent cash dividend hike for the quarter, Nvidia handily beat Wall Street expectations for its earnings and outlook. But investors have come to expect the company to beat expectations and raise its outlook amid the AI boom.
Nvidia stock was last down nearly 1%.
“People are saying, ‘We expect more,'” Konzo said. “They just want more and more until it becomes unrealistic.”
