Finance

Shares of Advanced Micro Devices jumped roughly 10% during Monday's trading session, pushing the chipmaker's total market capitalization to the $1 trillion milestone. The stock's parabolic move was accompanied by a broader sector-wide rally, which saw peers like Intel pop 12% on renewed enthusiasm for AI infrastructure.

U.S. crude oil contracts plummeted 4.5% to settle at $95.78 per barrel, tracking alongside a 3.4% slide in global benchmark Brent crude. This sharp deceleration in energy costs triggered a parallel retreat in fixed income, dragging the benchmark 10-year Treasury note yield down below the 5% threshold.

The premier digital asset surged well past $85,000 to tap its highest trading level since January, effectively shaking off a volatile week dominated by aggressive central bank monetary tightening. The rapid upward breakout triggered a cascade of short liquidations, wiping out hundreds of millions of dollars in bearish derivatives positions.