CNBC Business News Update: Markets, Rates, Energy, and Midterm Watch

CNBC's business news update covers the latest market moves, bond and mortgage rate trends, energy developments, and corporate news ahead of the midterm elections.

■ Markets and Treasury yields
- Major indexes closed higher, with the Dow, S&P 500, and Nasdaq gaining; Nvidia and other stocks reached records.
- The 10-year Treasury yield briefly hit 5.4%, drawing investor attention to bond strategies.

■ Housing and mortgage rates
- Mortgage rates remain near 7.5%, creating affordability concerns and shifting buyer interest toward new construction.

■ Energy and geopolitics
- Oil prices remain elevated as Middle East supply routes resume and Iran's oil exports face restrictions.

■ Corporate and calendar items
- GM plans more hybrid vehicles; Amazon Prime Day and earnings from Lamb Weston and Constellation Brands are on the watch list.

Viewers seeking a quick overview of U.S. market, rate, housing, energy, and corporate headlines may find this update useful. It provides a concise summary of the day's business developments and upcoming items to monitor.