The S&P 500 closed little changed, with the Nasdaq Composite and Dow Jones both posting modest gains and losses, respectively. The broad-based nature of the moves suggests a mixed tone to the session, with neither a clear risk-on nor risk-off sentiment prevailing. The most significant macro driver appears to be the jump in oil prices, which could have influenced market sentiment ahead of the upcoming earnings season. Additionally, the Federal Reserve's decision to hold interest rates steady may have contributed to the mixed tone, as investors await further guidance on the path of monetary policy.

The headlines highlight the anticipation surrounding the earnings reports from the "Magnificent 7" tech companies, with traders and investors closely watching for any potential catalysts that could move the market. The rise in bond yields and the jump in oil prices were also noted as factors that could impact market performance. While the S&P 500 and Nasdaq Composite showed some resilience, the Dow Jones' decline of 350 points suggests a more cautious tone among investors. The focus on tech earnings and the potential implications for the broader market will likely remain a key theme in tomorrow's trading session.