Finance

Shares of Micron Technology surged more than 19% in a single session, pushing the company's market capitalization above the $1 trillion mark for the first time. The rally followed an aggressive price target upgrade from UBS, highlighting the ongoing investor enthusiasm for artificial intelligence infrastructure.

The annual US inflation rate accelerated to 3.8% in April 2026, marking its highest level since mid-2023 and exceeding market forecasts. This spike was largely fueled by an 18% jump in energy costs, as geopolitical tensions continue to impact global oil and gasoline prices.

Crude oil prices saw a decline as market participants reacted to signs of progress in negotiations between the United States and Iran. Brent crude slipped toward $95 a barrel as investors grew cautiously hopeful that a diplomatic resolution could alleviate recent supply shock concerns.