Finance

Energy markets witnessed notable downward pressure as global benchmarks slid roughly five percent. The drop followed statements indicating a pause in potential military strikes and the potential resumption of negotiations regarding the opening of the Strait of Hormuz, which helped alleviate Wall Street's immediate concerns regarding energy-driven inflation.

Large-cap technology companies experienced a powerful revival, reversing a multi-month trend of capital rotation out of the sector. An ETF tracking major technology firms jumped nearly four percent, capping a record-breaking three-day window that injected trillions of dollars back into megacap market capitalizations.

Digital assets experienced a broad pullback as Bitcoin and Ethereum both logged daily losses, trading near the lower boundaries of their current ranges. Sentiment across the cryptocurrency sector was noticeably dampened by a multi-million-dollar exploit targeting Coldcard hardware wallets, eroding investor confidence in self-custody solutions.