Finance

Oil prices experienced a significant pullback as hopes for a Middle East peace deal grew, with Brent crude and WTI futures both dropping more than 5%. Simultaneously, the yield on the 10-year Treasury note fell to approximately 4.57%, offering relief to the broader market after weeks of war-driven inflation fears pushed yields to multi-year highs.

Ahead of its highly anticipated first-quarter report, Nvidia shares rose over 1% during regular trading, though the stock saw slight after-hours volatility. The chipmaker eventually reported adjusted earnings of $1.87 per share on $81.6 billion in revenue, surpassing analyst forecasts and signaling that the appetite for artificial intelligence infrastructure remains robust.

Elon Musk's rocket company, SpaceX, officially filed for a landmark IPO that aims to raise $80 billion or more. If successful, the deal would become the largest initial public offering on record, potentially valuing the company at a level that could make Musk the world's first trillionaire.