Finance

Apple shares surged to set a fresh record high, briefly crossing the $5 trillion market capitalization threshold for the first time. The gain allowed the iPhone maker to reclaim its crown from Nvidia as the world's most valuable public company, as investors favored its strategy of avoiding massive, independent data center infrastructure investments.

Crude oil benchmarks fell sharply, with international Brent crude dropping toward $82 per barrel and domestic West Texas Intermediate sliding over 4%. The downturn followed remarks indicating a pause in active conflict and ongoing diplomatic negotiations between the United States and Iran, which helped lower broader inflation expectations and pull down Treasury yields.

Bitcoin and Ethereum experienced downward pressure, with Bitcoin dipping below the $63,000 threshold and triggering significant leveraged long liquidations. The digital asset correction coincided with investor anxiety surrounding the Federal Reserve's upcoming policy announcement, alongside tightening legislative timelines for a pivotal market structure bill in the Senate.