Finance

The tech-heavy Nasdaq Composite dropped 1.2% as a recent rally in semiconductor and AI-related shares abruptly reversed. Major industry players like Intel and Advanced Micro Devices saw sharp declines amid growing investor skepticism over whether massive infrastructure investments will yield sufficient near-term productivity gains.

U.S. Treasury yields eased slightly as market participants shifted their focus to the upcoming release of the June FOMC meeting minutes. Investors are looking for clarity on the Federal Reserve's future interest rate path, especially as ongoing geopolitical tensions and sticky inflation complicate the central bank's policy outlook for the second half of 2026.

The digital asset market remains in a fragile state, with Bitcoin struggling to maintain its position above the $60,000 threshold. Persistent ETF outflows and a broader rotation of capital into traditional blue-chip stocks or high-growth AI ventures continue to weigh on investor sentiment across the crypto sector.