U.S. stock indices are mixed as a more than 2% rise in WTI crude oil boosts inflation expectations and pushes the 10-year T-note yield up 4 basis points to 4.69%. The S&P 500 is up 0.05%, the Dow Jones Industrial Average is down 0.02%, and the Nasdaq 100 is down 0.15%. Gains in energy providers, software, and cybersecurity stocks are limiting losses, while airline, cruise, and homebuilder shares decline. JPMorgan raised its year-end S&P 500 target to 8,000 from 7,800, citing strong earnings and faster AI monetization, and Taiwan Semiconductor Manufacturing reported July sales rose 45% year-over-year, signaling sustained AI demand.
