Finance

Equities on Wall Street ticked upward during early trading as investors reacted positively to consecutive reports indicating cooling consumer and wholesale inflation. The tech-heavy Nasdaq Composite and the benchmark S&P 500 led the modest gains, while Treasury yields fell alongside retreating crude oil prices.

Despite beating quarterly financial estimates and highlighting strong market interest for artificial intelligence infrastructure, shares of tech giants Cisco Systems and Cerebras Systems both slid in extended trading. Analysts suggest the downward movements are driven by profit-taking following substantial year-to-date rallies.

Digital assets traded in a tight, slightly negative range with Bitcoin hovering near $63,600 and Ethereum tracking around $1,980. The cryptocurrency market is balancing cooling inflation signals against ongoing geopolitical uncertainties in the Middle East, which continue to act as a barrier to sustained upward momentum.