Finance

U.S. government bond yields retreated as investor anxieties regarding immediate inflation pressures and a potential Federal Reserve policy tightening began to fade. Concurrently, international and domestic crude benchmarks fell, with Brent crude dropping 2.1% to roughly $87 per barrel. Energy prices fell as market participants digested trimmed demand forecasts from both OPEC and the International Energy Agency.

While broader tech heavyweights drove major indices higher, individual corporate financial disclosures caused sharp swings across various sectors. Shares of Workday soared 18% amid news of private equity acquisition talks, while semiconductor manufacturer Sandisk surged over 13% on optimistic long-term revenue projections. Conversely, networking titan Cisco Systems fell 8.4% due to growing margin concerns, and investigative software firm Cellebrite plummeted 29% following a quarterly earnings miss and a downward revision to its annual guidance.

Despite a risk-on rally occurring across traditional equities, digital assets experienced a relatively flat and choppy trading session. Bitcoin hovered within the low-$60,000 range, while Ethereum consolidated slightly under the $2,000 mark. Analysts noted that while cooling domestic inflation provides some support, ongoing geopolitical tensions and maritime disruptions in the Middle East continue to weigh heavily on investor sentiment toward riskier digital tokens.