Finance

Chipmaker stocks showed signs of recovery after a sharp rout earlier in the week, with investors closely watching Micron Technology's results due after the bell. While Micron shares remained slightly volatile during the session, other industry heavyweights like Nvidia and Amazon saw gains as the broader market attempted to move past recent artificial intelligence valuation concerns.

The U.S. dollar climbed to a one-year peak as market participants priced in a greater likelihood of a Federal Reserve interest rate hike by September. Comments from the new Fed Chair and recent projections suggest a more aggressive stance toward fighting inflation, which has pushed the 10-year Treasury yield toward the 4.41% range.

Gold and oil prices saw a substantial sell-off on June 24, 2026, driven by reports of diplomatic progress between the U.S. and Iran. Spot gold fell over 2% to drop below the $4,000 per ounce mark, while WTI crude retreated to a 16-week low as the prospect of restored energy exports from the Middle East tempered supply fears.