Finance

Market sentiment improved as the United States and Iran agreed to hold peace talks in Qatar, easing concerns over maritime disruptions in the Strait of Hormuz. Although Brent crude prices rose slightly on Monday to roughly $74 per barrel, the broader trend has seen oil fall significantly from monthly highs as investors anticipate a more stable supply outlook.

U.S. Treasury yields held relatively firm as investors processed recent inflation data and hawkish signals from the Federal Reserve. The 10-year note yield hovered around 4.38% as markets increasingly price in the possibility of interest rate hikes later this year, particularly following reports of core inflation reaching a 31-month high in May.

Comcast shares surged following the company's announcement of a plan to split its cable television networks and media assets into a separate, independent public company. This restructuring aims to separate its high-growth broadband and wireless divisions from its legacy NBCUniversal and Sky media businesses.