Major US indices fell about 0.6% to six-week lows as surging oil pushed yields to multi-year highs, fueling rate-hike bets. Semiconductors led a broad decline on AI bubble warnings, while Apple alone bucked the tech slide on iPhone Duo optimism.
US market temperature sits in neutral territory — driven mainly by valuations on the high side (near the 57th historical percentile), with breadth notably weak (around the 28th historical percentile). Today's session fell broadly, dragged mainly by surging crude oil prices and spiking bond yields pressuring equities.