Finance

The technology sector led the broader market's advance, bolstered by strong performance in semiconductor stocks such as Intel and Micron. Investor enthusiasm was fueled by growing demand for AI-related infrastructure and positive earnings reports from major cloud operators, which have collectively increased their capital expenditure forecasts for 2026.

In the cryptocurrency market, Bitcoin climbed above the $81,000 threshold for the first time since January, defying traditional expectations that higher-for-longer interest rates would dampen demand for risk assets. This upward momentum was supported by substantial inflows into spot Bitcoin ETFs, totaling over $500 million in a single session.

Market participants have largely adjusted their expectations for interest rate cuts in 2026, as the Federal Reserve maintains a steady policy stance in the face of ongoing Middle East tensions. Despite some easing in oil prices, persistent inflation concerns and a resilient labor market have led many analysts to project that rates will remain elevated for the foreseeable future.