Market Midday: Record Highs, Yields, Oil, and Housing in Focus

This update covers the midday U.S. market, where major averages are higher and the Nasdaq reaches a record high. It also reviews bond yields, mortgage rates, oil prices, corporate hybrid vehicle plans, and a large lottery jackpot.

■ Markets and corporate news
- Major averages advance; Dow led by Verizon; Nasdaq record high; Nvidia extends gains
- GM signals more hybrids amid strong consumer demand
■ Rates, housing and consumer
- 10-year Treasury yield at 5.33%; investor comments on stocks versus bonds
- Mortgage rates near 7.57%; buyer psychology and builder rate buy-downs
- Powerball jackpot approaches $467 million
■ Energy and oil
- Crude oil holds above $90; gasoline and diesel prices show weekly declines
- Aramco CEO remarks on thin inventories and emergency oil releases

It is suited for viewers seeking a concise snapshot of key market drivers, interest rate trends, housing affordability signals, and energy supply issues. It provides an overview of the topics discussed without detailed forecasts or recommendations.