Finance

The S&P 500 and Nasdaq ended nearly unchanged in recent trading, showing resilience even as Brent crude prices surged nearly 6% to over $110 per barrel. While the Dow Jones Industrial Average saw moderate declines, strong quarterly earnings from major consumer and service-oriented companies helped offset broader energy concerns.

Tech giants including Microsoft, Alphabet, Amazon, and Meta reported quarterly results that generally exceeded analyst expectations. However, market reactions were split as investors scrutinized rising capital expenditure guidance for AI infrastructure against near-term monetization prospects, leading to divergent after-hours stock performance.

U.S. Treasury yields pushed higher across the curve, with the 10-year note reaching approximately 4.32% to 4.36%. Traders have significantly reduced bets for interest rate cuts later this year as the Federal Reserve signals a commitment to its 2% inflation objective despite slowing job growth.