Finance

The 10-year Treasury yield rose to approximately 4.49% after an ADP report showed private sector job growth exceeded expectations. This resilience in the labor market, combined with energy-driven inflationary concerns, has led investors to price in a higher probability of Federal Reserve interest rate hikes later this year.

Despite broad market pressure, semiconductor and AI-focused stocks continue to see significant volatility and growth, with Hewlett Packard Enterprise and Marvell Technology recording major jumps on strong demand forecasts. Conversely, Alphabet shares faced a significant sell-off following the announcement of an $80 billion equity offering intended to fund its own massive AI expenditures.

WTI crude oil futures climbed to $95.7 per barrel as U.S. inventories declined for a sixth consecutive week, nearing minimum operating levels. Markets remain highly sensitive to diplomatic developments in the Middle East, as the continued threat of blockades in critical shipping lanes maintains a persistent risk premium on global oil prices.