Finance

Crude oil futures tumbled by nearly 5% as the diplomatic breakthrough with Iran signaled the resumption of regular oil flows. West Texas Intermediate fell to approximately $81 per barrel, marking the lowest levels for both U.S. and international benchmarks since early March 2026.

The Nasdaq jumped over 3% as semiconductor giants like Nvidia and Micron benefited from renewed enthusiasm for artificial intelligence and massive capital expenditure plans for 2026. Additionally, newly public SpaceX saw its shares surge nearly 20% in its second day of trading, further fueling the risk-on sentiment in tech markets.

Despite recent volatile inflation readings, the Federal Reserve is widely expected to keep interest rates in the 3.5%-3.75% target range during its upcoming session. Market participants are optimistic that the sudden easing of energy prices may allow the central bank to maintain its current pause rather than pursuing further hikes.