Finance

The tech-focused Nasdaq Composite gained 0.8% during Thursday's session, fueled heavily by standard hardware and memory chip makers. Companies like SanDisk and Micron Technology notched notable gains, while extended enthusiasm for artificial intelligence infrastructure continued to support large tech valuations.

U.S. Treasury yields declined across maturities, with the 10-year note yield slipping to 4.64% and the 2-year note falling to 4.145%. The downward movement in yields and the accompanying slide in the U.S. dollar followed a flat month-over-month reading for the July producer price index.

Brent crude futures declined by approximately 2% to finish near $87 per barrel, helping to relieve operating cost anxieties for fuel-sensitive industries. Prices moved lower after both OPEC and the International Energy Agency trimmed their global oil demand projections for the year.