Welcome to Markets Desk, here's what's moving right now.
Equities are under pressure this session, with the S&P five hundred off four-tenths of a percent, the Dow down more than half a point, and the Nasdaq one hundred shedding nearly seven-tenths. The catalyst is familiar — rising bond yields reflecting persistent inflation concerns, pulling risk appetite off the table across the board.
Shifting to soft commodities, cocoa is catching a bid for the second straight session, with New York December futures up more than one-and-a-quarter percent. The driver is weather — forecasters are calling for below-normal rainfall across the Ivory Coast over the coming week, and dry conditions in West Africa are enough to keep supply anxiety front and center for traders.
On the other side of the soft commodity ledger, arabica coffee is pulling back, down roughly a third of a percent, with robusta off more than one percent. Brazil's crop forecasting agency Conab lifted its two thousand twenty six production estimate for the country, and that fresh supply signal is doing exactly what you'd expect — pressing prices lower, though they're holding above Wednesday's three-month lows.
That's the tape. Markets Desk, signing off the floor.
