Market Overview - Futures are trading higher this morning after a decline on Monday, with major indices finishing lower as sellers regained control [2] - The Dow Jones closed at 47,289, down 0.90%, the S&P 500 at 6,812, down 0.43%, and the NASDAQ at 23,275, down 0.38% [2] Treasury Bonds - Yields increased across the curve on Monday, except for short maturity T-bills, due to a global bond market sell-off influenced by hawkish comments from the Bank of Japan and new U.S. corporate bond issuance [3] - The 30-year long bond closed at 4.74% and the benchmark 10-year note at 4.09% [3] Oil and Gas - The energy sector rebounded on Monday, with all oil benchmarks closing higher due to supply concerns and OPEC+ output decisions [4] - Brent Crude closed at $63.24, up 1.38%, and West Texas Intermediate at $59.45, up 1.54% [6] - Natural gas surged to $4.92, up 1.44% [6] Economic Indicators - Gasoline prices nationwide fell below $3 a gallon for the first time since May 2021, indicating a potential shift in consumer spending and energy costs [5]

Core Viewpoint - Oil prices declined during the early morning Asian session due to concerns regarding supply [1] Group 1 - The decline in oil prices is attributed to ongoing supply concerns in the market [1]

Market Overview - Wall Street experienced a decline, with major indexes in the red: S&P 500 down 0.3%, Nasdaq 100 down 0.5%, and Russell 2000 down 0.6% [1][7] - Investors reacted negatively to Federal Reserve Chair Jerome Powell's comments regarding the uncertainty of future rate cuts and the high valuation of equity markets [2] Sector Performance - Technology stocks led the market pullback, while energy shares saw gains as oil prices increased over 2% to nearly $65 per barrel [2] - Commodity-linked equities showed significant movements, with Freeport-McMoRan Inc. (FCX) dropping over 14% due to a fatal accident at its Indonesian mine, leading to a reduction in its 2026 production guidance [3] - Copper prices surged more than 4% due to supply concerns, benefiting other mining companies like Southern Copper Corp. (SCCO), which rose over 7% [3] Fixed Income and Currency - Treasury yields rose approximately 3 basis points, with the 10-year benchmark yield around 4.15% [4] - The dollar index increased by 0.7%, causing declines in gold and silver prices, which fell by 0.6% and 0.2%, respectively [4] Major Indices and ETFs Performance - The Vanguard S&P 500 ETF (VOO) decreased by 0.4% to $609.25, while the SPDR Dow Jones Industrial Average (DIA) slipped 0.2% to $461.81 [7] - The Energy Select Sector SPDR Fund (XLE) outperformed, rising by 2.01%, contrasting with the Technology Select Sector SPDR Fund (XLK), which fell by 1% [7] Top Performers and Losers - Top performers in the S&P 500 included CF Industries (+5.45%), Intel (+5.49%), and The Mosaic Company (+5.21%) [6] - Notable losers included Freeport-McMoRan Inc. (-14.87%), Axon Enterprise (-7.29%), and KKR & Co. (-5.13%) [8]