Stock indexes are mixed today, with the S&P 500 down -0.05%, the Dow Jones up +0.43%, and the Nasdaq 100 down -0.33%. Energy producers and mining stocks are climbing due to tensions in Venezuela, while homebuilding stocks are lower. Bond yields are up, and dovish comments from Fed Governor Waller support stocks and bonds.

US MBA weekly mortgage applications fell -3.8%, with the average 30-year fixed rate rising to 6.38%. This week’s focus will be on US economic news, with expectations for weekly initial unemployment claims to fall, CPI to increase, and existing home sales to rise. The markets are discounting a 24% chance of a rate cut at the next FOMC meeting.

Interest rates are down, with T-notes sliding due to a surge in Japan’s 10-year bond yield. The yield curve is steepening, impacting T-note prices negatively. European government bond yields are mixed, with Eurozone CPI revised downward. UK CPI eased, and the German IFO business conditions survey fell to a 7-month low.

US stock movers include energy producers and providers climbing, while homebuilding stocks are lower. Jabil Inc leads gainers in the S&P 500, while Albemarle leads lithium producers higher. Paramount Skydance and Progressive Corp are down, while Oracle and Worthington Enterprises report weaker-than-expected results. Earnings reports include General Mills, Jabil Inc, Micron Technology, and Toro Co.

Read more at Yahoo Finance: Stocks Mixed with Energy Producers Higher and Homebuilders Lower