Finance

Strong quarterly performance reports from key industrial and data-analytics companies helped fuel the market upswing. Notably, Palantir Technologies posted a substantial revenue increase and elevated its full-year guidance, while heavy-equipment manufacturer Caterpillar exceeded analyst projections to help anchor blue-chip gains.

West Texas Intermediate and Brent crude futures both dropped around 4% to multi-week lows following official commentary hinting at talks with Iran. Optimism surrounding a potential agreement to stabilize critical trade channels, like the Strait of Hormuz, helped ease energy supply anxieties and subsequently lowered long-term Treasury yields.

Bitcoin and Ethereum traded within narrow margins as digital asset investors focused on the legislative progress of the domestic Clarity Act. Despite lingering negative sentiment stemming from a substantial weekend firmware exploit on Coldcard wallets, strong buying activity from both retail cohorts and large token holders helped stabilize prices.