Finance

Growth in the technology sector continues to outpace the broader market, fueled by explosive demand for AI infrastructure. Dell Technologies saw its stock price jump over 30% in a single session following blowout earnings, while Nvidia continues to see record revenues as agentic AI adoption accelerates across global enterprises.

Fixed-income markets are facing pressure as long-term borrowing costs rise, with the 30-year Treasury yield hitting 5.2% for the first time since 2007. While a tentative peace agreement between the U.S. and Iran provided some relief toward the end of May, persistent inflation concerns and government deficit levels have kept upward pressure on the entire yield curve.

Crude oil prices retreated from recent highs toward the end of May as news of a potential 60-day ceasefire extension in the Middle East reached the markets. Brent crude fell to approximately $91.70 per barrel, easing immediate concerns regarding supply chain disruptions and the potential for a renewed energy shock to the global economy.