Fed's Powell's comments sooth bond market, but oil continues rise, hitting crypto and stocks

WTI crude oil closed above $100 per barrel for the first time since 2002. What to know : Stocks and crypto prices each gave up early gains even as Federal Reserve Chairman Jerome Powell eased any concerns about imminent rate hikes. Powell said the Fed is inclined to look past the Iran-related energy shock for now and hold rates steady. Bond yields fell, but oil continued its rise, ultimately pressuring the stock market and crypto.