"S&P 500 Nears 5000 Mark: Stock Market Updates and Top Stories"

US stocks held steady with the S&P 500 hovering around the 5,000 mark, as investors reacted to chipmaker Arm's positive outlook and Disney's earnings beat. Concerns about sustained gains and a potential interest rate cut lingered, while worries about deflation in China and a freight slowdown from Danish shipping giant Maersk added to the cautious sentiment. Additionally, New York Community Bank's stock wavered as the lender sought to shore up confidence, and oil prices rose due to Middle East tensions and a lower US production forecast.