Finance

Amazon shares surged up to 15% after the e-commerce giant reported a significant cloud-computing growth acceleration and tripled profits. Meanwhile, Apple shares plunged up to 7% due to supply chain challenges and weaker performance in its Services division and Chinese market.

The 10-year U.S. Treasury note yield reached its highest level since January 2025, topping 4.7%. At the same time, the 30-year Treasury bond yield climbed past 5.2% as investors scrutinized monetary policy messaging after the Federal Reserve kept interest rates steady.

Heightened tensions regarding the U.S. conflict with Iran and disruptions near the Strait of Hormuz have pushed energy markets into an energy shock. Although crude futures briefly eased to around $82 for WTI, persistent geopolitical anxieties continue to pressure inflation forecasts and consumer sentiment.