Finance

The benchmark 10-year U.S. Treasury yield eased to around 5.27%, offering relief to the broader markets after touching its highest level since 2002. Yields moved lower in unison across the entire curve as a global bond selloff paused, allowing equity markets some breathing room ahead of the upcoming Federal Reserve minutes.

West Texas Intermediate crude oil prices slid below $90 a barrel, helping to cool persistent market anxieties surrounding energy-driven inflation. Despite long-term geopolitical risks to Middle East energy flows, recovering supply pipelines and rising exports have helped stabilize crude prices near $100 for Brent.

Semiconductor and hardware designers led the market's upward momentum, with major players like Nvidia and AMD notching fresh highs. Marvell Technology also witnessed a sharp share price acceleration following an upward revision to its long-term revenue guidance at its Investor Day.