Finance

Tech shares have rebounded sharply, driven by gains in the "Magnificent Seven" and Alphabet's recent addition to the Dow Jones Industrial Average. Despite some monthly volatility in June, massive spending on artificial intelligence infrastructure continues to underpin significant growth across the information technology sector.

U.S. Treasury yields rose on the final trading day of June, with the 10-year note climbing to approximately 4.40% as investors digest new employment data. Federal Reserve futures are currently pricing in high odds of at least one interest rate hike before the end of 2026, reflecting a persistent hawkish stance from the central bank.

Crude oil prices have retreated from spring peaks, trading near $75 per barrel following the reopening of the Strait of Hormuz. While the energy sector has faced recent volatility, the decline in fuel costs has provided some relief to inflationary pressures and helped nudge consumer confidence slightly higher in June.