Wall Street edges lower as oil spikes, yields climb

The big picture. U.S. stocks close lower across the board. The S&P 500 falls 0.2% to 7,709.96, the Nasdaq Composite slips 0.1% to 26,348.3516, the Dow drops 0.9% to 53,885.1016, and the Russell 2000 loses 0.6% to 3,001.5474.

The tone is cautious, with the VIX down 4.2% to 15.15 and the 9-day measure down 24.9% to 12.66. Sector moves are mixed: Energy leads at 1.5%, while Materials falls 0.9% and Industrials also loses 0.9%.

Treasury yields move higher. The 5-year rises to 4.389%, the 10-year to 4.67%, and the 30-year to 5.213%. The latest data and Friday's July jobs report keep rates in focus.

Overseas, China is mixed, Hong Kong and India edge higher, while Japan and South Korea fall. In Europe, the FTSE 100, CAC 40, and Stoxx 600 all post small gains, while the DAX slips 0.3%.

Crypto is softer. Bitcoin slips 0.4% to 64,346.6602, Ethereum dips 0.1% to 1,904.8101, and the global crypto market cap falls 0.3% to $2.3T.