Finance

In corporate developments, Snowflake shares surged nearly 17% after raising its full-year product revenue outlook, demonstrating robust enterprise demand for its cloud and artificial intelligence products. Conversely, Broadcom fell 2.7% following a revenue forecast that, despite positive AI growth signals, failed to satisfy high investor expectations. Additional earnings pressure came from consumer-facing sectors, with Campbell's slumping 7% on weak full-year guidance and a dividend reduction.

Digital assets witnessed a broad recovery, with Bitcoin climbing back past the $81,000 threshold after trading lower earlier in the week. The rally was primarily driven by eased interest rate concerns following central bank updates, which softened the U.S. dollar and spurred a risk-on environment. Major altcoins, including Ethereum and Solana, also posted meaningful single-digit percentage gains as capital inflows returned to the space.

Commodity markets remain highly sensitive to ongoing geopolitical conflict between the United States and Iran, keeping Brent crude futures holding near six-week highs at around $95 to $96 a barrel. Although hopes that recent reescalations would be short-lived provided temporary market comfort, the physical strain on the Strait of Hormuz continues to fuel persistent inflation anxieties. Meanwhile, precious metals capitalized on falling Treasury yields and a weaker dollar, with spot gold climbing roughly 2% to finish near $4,470 per ounce.