Stocks slip, oil jumps, and rates push higher on Iran jitters

The big picture. U.S. stocks finish mixed, with the S&P 500 down 0.3%, the Dow off 1.1%, and the Russell 2000 down 1.1%. The Nasdaq Composite ekes out a 0.2% gain, while the intraday S&P path starts near 7,460, rises toward 7,484, then fades into the close.

The sector tape skews red. Energy leads with a 1.7% gain, while tech rises 1.2%. Materials fall 2.6%, financials drop 1.9%, and consumer discretionary loses 1.8%. CNBC Markets says oil prices jump more than 4% after Trump threatens to bomb Iran and reimpose a naval blockade, and MarketWatch says oil ends at its highest price in over two weeks as the U.S.-Iran flare-up deepens.

Treasury yields move up across the curve. The 2-year yield sits at 4.13%, the 10-year at 4.569%, and the 30-year at 5.065%. The 5-year Treasury yields 4.308%. On the policy side, CNBC Markets reports Fed officials were split on the direction of interest rates at their last meeting.

Crypto trades lower alongside risk assets. Bitcoin falls 1.8% to 62,174.7891, Ethereum drops 1.8% to 1,736.6899, and Solana slides 4.1% to 77.36. The total crypto market cap falls 2.38% to $2.2T, with Bitcoin dominance at 55.9% and Ethereum dominance at 9.4%.