Finance

Chipmakers spearheaded the market's rebound today, with significant gains in memory and optical technology firms. Notable performers included Lumentum, which jumped over 11%, and Sandisk and Micron Technology, which saw substantial pops as investors doubled down on the AI infrastructure trade despite previous volatility.

International oil benchmarks eased today, with Brent crude falling 2.2% to approximately $76.30 per barrel as immediate fears of a massive energy shock subsided. The decline in energy costs helped soothe broader market anxieties and contributed to a slight softening in Treasury yields, providing relief to interest-rate-sensitive sectors.

Spot gold surged past $4,112 per ounce today, continuing a strong upward trend that has seen the metal rise roughly 18% year-to-date. Investors are increasingly turning to physical bullion as a hedge against global supply chain disruptions and a hawkish Federal Reserve, which recently hinted at the possibility of further interest rate hikes.