Finance

Crude oil futures tumbled by roughly 5% as market participants unwound geopolitical risk premiums following the diplomatic pause between Washington and Tehran. Brent crude briefly dropped under the $90 threshold, offering a sharp reversal from multi-month highs reached during previous sessions.

Approximately one-third of the S&P 500 is scheduled to report quarterly results this week, representing a critical testing ground for the broader market. Investors are heavily focused on mega-cap tech giants to evaluate whether ongoing massive capital expenditures in AI infrastructure are translating to sustainable returns on investment.

Financial markets are preparing for a dense macro economic calendar that features the upcoming Federal Reserve policy meeting alongside the release of second-quarter GDP and inflation data. While a pause is widely anticipated, fixed-income options are reflecting lingering concerns about potential hawkish surprises amidst elevated bond yields.