Finance

Energy markets saw a sharp decline with Brent and WTI crude futures falling more than 5% in a single session. This downturn followed reports that the U.S. administration is in the final stages of negotiations to resolve the conflict with Iran, easing fears of prolonged supply disruptions and persistent inflationary pressure.

Investors closely monitored Nvidia as the company surpassed Wall Street expectations for both earnings and guidance while increasing its quarterly dividend. Despite these strong results, the stock experienced volatile after-hours trading as the market weighed the results against a very high bar for the artificial intelligence leader.

Elon Musk's SpaceX has filed its IPO prospectus, positioning itself for a blockbuster public debut that could raise upwards of $80 billion. If successful, this offering would become the largest in U.S. history, potentially revitalizing a primary market that has seen muted activity in recent years due to interest rate concerns.