QUICK SPARK: Trump Says US Will Not Attack Iran Before Midterm Election

Stock Market Today: S&P 500 Slips as Oil Spikes 5%, 10-Year Yields Near 5.35%

Stocks slip as Gulf tanker attacks lift Brent above $105 and the 10-year yield nears 5.35%; small caps lag while energy and Chipotle rally.

UBS Maintains Buy on Chevron, Raises Price Target to $235

8 Of 11 Sectors Fall In Thursday Trading As Energy Leads

Three sectors are higher and eight are lower in Thursday's regular session, with the top three split across cyclical, defensive and growth groups. The leaders are separated rather than clustered, with Energy clearly ahead of the next sectors in the ranking.

Shares of oil and gas-related companies are trading higher amid multiple catalysts including renewed Iranian focus on striking vessels in the Strait of Hormuz, Tehran's hardline stance on nuclear enrichment limits, and Houthi rebel strikes on Saudi Arabia. Also, elevated refined product prices, refining margins, and tanker day rates are benefiting the wider sector.

Trump EPA Moves To Roll Back Biden-Era Methane Rules, Says Changes Could Save Oil and Gas Producers $45 Billion

Trump’s EPA plans to roll back Biden-era methane rules, easing standards for marginal wells, super-emitter leaks and gas flaring.

Stock Reaction To Samsung And TSMC Earnings Is An Early Indicator Of A Market Character Shift—Watch Oil And Yields

Signs Of Market Character Shift Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The