Finance

The yield on the 10-year U.S. Treasury note surged toward the 5% threshold, reaching intraday levels not seen since 2007. Rising borrowing costs are stoking broader concerns among investors regarding persistent government spending and long-term inflation metrics.

Crude oil futures climbed significantly, with Brent crude moving past $106 a barrel and West Texas Intermediate tracking over $102 a barrel. The upward price pressure follows a shutdown of Saudi Arabia's East-West pipeline and recent infrastructure attacks in the Middle East.

Technology stocks faced notable downward pressure following calls from major artificial intelligence lab executives to slow the development of advanced models. This sudden push for safety guidelines and governance measures has introduced new volatility to key infrastructure and semiconductor market leaders.