Market Report: Oil Prices and Treasury Yields Weigh on Stocks; NVIDIA Rises Amid Buyback News

Rising oil prices and 10-year U.S. Treasury yields, which hit 5.2%, are pressuring risk assets. NVIDIA shares rose 1.66% after the board authorized an additional $150 billion in stock buybacks and launched the NVIDIA Open Agent Safety Platform. Meanwhile, institutional investors continue to accumulate BTC and ETH despite recent price dips. Markets are now awaiting upcoming U.S. PCE inflation and consumer confidence data to gauge the impact of high interest rates.