- Stocks rose the most in about a month as Treasury yields paused their rise to multiyear highs, as traders digested remarks from a slew of Federal Reserve speakers. Oil fell, alleviating concerns about price pressures that could jeopardize the central bank's war on inflation.
- Every major group in the S&P 500 except energy rose, while the tech-heavy Nasdaq 100 outperformed, with only four members in the red. Apple rose after unveiling the latest version of its flagship product, the iPhone 14, relying on camera upgrades and a new emergency satellite-messaging feature to fend off rivals.
- Oil benchmarks fell as demand concerns from China triggered a wave of selling as prices breached technical warning levels. West Texas Intermediate closed at less than $82 per barrel, while Brent closed at $88. The dollar fell following a rally that shook currencies around the world and briefly pushed gold below the "danger zone" of $1,700 per ounce.
