Finance

Technology and material sectors led market gains, fueled by a 13% jump in Intel shares following reports of potential chipmaking negotiations with Apple. This momentum pushed the PHLX Semiconductor Index to a record high, reflecting continued optimism in the artificial intelligence buildout. Other chipmakers like Micron and Sandisk also saw double-digit gains, further driving the tech-heavy Nasdaq higher.

Bitcoin reclaimed the $80,000 level for the first time since January, defying typical inflation-driven market trends. The cryptocurrency's rally comes despite surging U.S. consumer inflation expectations and elevated Treasury yields, leading some analysts to suggest it is increasingly acting as an inflation hedge. Regulatory progress in the United States, specifically the advancement of the Clarity Act, has also been cited as a primary driver for recent buying pressure.

The 10-year Treasury yield rose to 4.4% on Tuesday as markets reacted to a milestone where U.S. public debt surpassed 100% of GDP. While yields are becoming more attractive to some investors, experts warn that rising energy costs stemming from regional conflicts continue to keep annual inflation elevated at 3.3%. The Federal Reserve is expected to maintain its cautious stance, with market participants currently anticipating at most one or two rate cuts later in 2026.