Finance

U.S. government bond yields experienced sharp upward movement, with the 10-year Treasury note yield reaching an intraday peak of 5.342%, its highest point since 2002. Concurrently, the 30-year bond yield traded up to 5.663%, reflecting a prolonged fixed-income rout fueled by lingering inflation worries. Yields eventually softened from these extremes later in the session, relieving pressure on risk assets.

International energy markets observed heightened volatility as Brent crude surged toward $100 per barrel and West Texas Intermediate rose to approximately $93 per barrel. Geopolitical tensions escalated following reports that the United States is deploying additional troops and a third aircraft carrier group to the Middle East. Compounding supply concerns, energy prices found further support after China announced a suspension of its fuel exports for the month.

Technology and semiconductor shares showed considerable muscle, anchoring the broader indexes against macroeconomic headwinds. A primary catalyst was Micron Technology, which reported blowout quarterly results showcasing a quadrupling of its revenue due to intense demand. This strong report re-energized investor confidence in the durability of the broader artificial intelligence infrastructure trade.