Finance

A notable flattening of the U.S. Treasury yield curve weighed heavily on financial and bank shares, acting as a drag on cyclical sectors. This specific decompression in the spread between short-term and long-term yields subsequently pulled the Dow Jones Industrial Average down by 185.14 points.

Brent crude futures experienced downward pressure, slipping underneath the $100 per barrel threshold to settle at $99.25. The decline was largely catalyzed by improvements in alternative shipping routes bypassing the Strait of Hormuz, alongside ongoing test operations on Saudi Arabia's East-West pipeline.

The broader cryptocurrency market cap expanded past $3 trillion as Bitcoin climbed toward the $86,000 threshold. Improved macroeconomic sentiment alongside heavy spot ETF inflows and corporate treasury accumulations helped the digital currency reach its highest valuation since January.