Stable Stock Market: S&P 500 Remains Steady Amid Geopolitical Talks

Against the backdrop of current economic conditions, the S&P 500 closed nearly flat for this session. The index faced downward pressures primarily due to Microsoft's share price decline, while Meta Platforms' shares experienced a partial recovery. Ongoing geopolitical negotiations between the United States and Iran limited losses in the U.S. stock market. Amidst these fluctuations, oil prices surged significantly following an attack with missiles on Saudi Arabia’s production complex, raising concerns over global supply security. Additionally, U.S. bond yields also saw notable increases, with the 30-year bond reaching its highest level since 2004. This situation reflects heightened expectations of further interest rate hikes by the Federal Reserve based on robust business activity data.