US Indexes Hold Steady Tuesday         09/29 09:27

   Stocks held steady in morning trading on Wall Street Tuesday as Treasury 
yields remained relatively stable and oil prices fell.

   NEW YORK (AP) -- Stocks held steady in morning trading on Wall Street 
Tuesday as Treasury yields remained relatively stable and oil prices fell.

   The S&P 500 was mostly unchanged. The Dow Jones Industrial Average fell 81 
points, or 0.2%, as of 9:51 a.m. Eastern time. The Nasdaq composite was mostly 
unchanged.

   The majority of stocks within the S&P 500 index lost ground, but several big 
technology companies helped offset those losses. Nvidia rose 0.7% and Broadcom 
rose 2.7%. They are among the most valuable companies on Wall Street and those 
hefty market values give them greater influence over the broader market's 
direction.

   Stocks have been under pressure as oil prices swing sharply amid the U.S. 
war with Iran, helping to push Treasury yields to their highest levels in two 
decades.

   The price of Brent crude oil in the most actively traded part of the oil 
market fell 1.8% to $96.10 a barrel. It briefly climbed above $100 on Monday 
before prices eased a bit, but they are still well above the roughly $72 it 
cost before the U.S. and Israel attacked Iran in late February.

   
https://apnews.com/article/iran-trump-negotiations-war-strait-nuclear-871504dbd9
8d9b08b226b9805d8f4606 with the United States and Iran on reaching a deal to 
end the fighting and open the https://apnews.com/hub/strait-of-hormuz. U.S. 
President Donald Trump over the weekend 
https://apnews.com/article/mideast-roundup-iran-saudi-israel-yemen-c529a0a729600
230559354b80c005bad to reopen the key waterway.

   Overall, rising oil prices have been fueling a jump in Treasury yields. 
Higher yields threaten to slow economic growth by making borrowing more 
expensive for individuals and businesses. They can also hurt prices for stocks, 
especially those seen as expensive, including many technology companies that 
have soared because of the frenzy around AI technology.

   The yield on the 10-year Treasury rose to 5.25% from 5.24% late Monday, near 
its highest level since 2007, before the financial crisis and Great Recession 
sent yields toward zero.

   Shares of CarMax jumped 7.5% after the used car dealership chain reported 
soaring second-quarter revenue and delivered profits that easily beat Wall 
Street expectations. The company also announced changes to its executive 
leadership.

   Oura, the maker of wearable digital health accessories and jewelry, said 
Tuesday that it was postponing its initial public offering, despite strong 
demand, due to uncertainty in the IPO market.

   Markets in Europe were mixed and markets in Asia closed mostly lower.