Finance

Chipmaker stocks faced significant downward pressure as the iShares Semiconductor ETF and the Roundhill Memory ETF registered heavy losses. Sandisk tumbled roughly 11% and Micron Technology dropped around 7%, showing steep declines in memory and storage leaders. Intel shares also shed nearly 8% in value despite reporting strong, server-driven quarterly revenue growth that beat analyst projections.

Energy markets saw a retreat in oil prices following a sharp spike that briefly pushed Brent crude over the $100 per barrel threshold. The pullback occurred amid media reports that Iran and Pakistan are exploring avenues to resume peace talks involving the United States. The resulting drop in crude futures helped alleviate immediate inflationary anxieties and reduced some of the upward pressure on government bond yields.

Digital assets pulled back as institutional investors scaled back risk exposure ahead of upcoming macroeconomic events and central bank policy decisions. U.S. spot Bitcoin and Ethereum exchange-traded funds recorded over $310 million in combined net outflows, reversing a recent positive streak of weekly inflows. Higher U.S. Treasury yields and shifting global tariff policies have increased the opportunity cost of holding non-yielding digital assets.