The U.S. 30-year Treasury yield surged to 5.197%, its highest level since 2007, driven by inflationary pressures and geopolitical tensions in the Middle East. Rising energy prices have contributed to the bond market sell-off, impacting equities as the S&P 500, Dow Jones, and Nasdaq all closed lower. In the political arena, the U.S. Senate advanced a resolution to block military actions in Iran, highlighting growing resistance despite the low likelihood of overcoming a presidential veto. Meanwhile, SpaceX is reportedly preparing for a potential IPO, with Goldman Sachs hired to assist in what could be a historic listing, valuing the company at up to $1.25 trillion. The market remains under pressure from high interest rates, geopolitical risks, and increasing AI competition.