Finance

Technology and semiconductor stocks experienced solid gains, driven by strong financial results from companies tied to artificial intelligence hardware. Shares of server maker Super Micro Computer and cloud-computing infrastructure company CoreWeave both surged 19% following upbeat quarterly disclosures. Optical manufacturer Lumentum Holdings also soared 14% after reporting healthy demand for its products.

Despite broad positive sentiment, the market faced resistance from the housing sector as high mortgage rates impacted homebuilders, causing companies like D.R. Horton and PulteGroup to drop. Meanwhile, international commodity markets remained volatile as energy traders monitored ongoing geopolitical tensions around the Strait of Hormuz. Global benchmark Brent crude stabilized slightly under $89 per barrel after swinging between minor gains and losses.

Digital assets experienced muted price action and failed to sustain early momentum following the latest inflation release. Bitcoin briefly crossed above $64,000 before consolidating back down to the $63,500 range, while Ethereum and Solana hovered near flat territory. Analysts suggest that the cooling price pressures were already factored in, leaving crypto markets locked in a low-volume consolidation phase.