Yields Creep Back Up, Indexes Sag a Bit

Right now the S&P 500 sits at 7,718.60, down 0.38%, and the Nasdaq's at 26,506.99, off 0.29%, with a little over three hours left before the close. Last week's stronger-than-expected jobs report got UBS talking about two more Fed hikes this September and December, and the 10-year yield climbed back to 4.78% with people muttering about a return to 5%, so heading into this week's CPI print and Treasury auctions, the market's clearly playing it cautious. Sectors split down the middle — energy and clean energy are holding up while cybersecurity and copper/miners are lagging — but overall the mood stays calm, and rate and credit conditions are still described as friendly. Yesterday (9/7) Kospi jumped 4.61% and Kosdaq 1.07%, a nice number to note but a totally separate story from today's soft US session. My book still shows Duksan Neolux at -4.7%, Microsoft +26.4%, Nvidia +8.0%, and Freeport-McMoRan +8.5% unrealized, and for the rest of the session I'm just watching whether yields keep pushing higher ahead of CPI.