Finance

Tech sector volatility deepened as investors reacted aggressively to mounting artificial intelligence infrastructure costs. Industry giants faced steep single-day losses, with SanDisk plunging approximately 11% and Intel sinking nearly 8% after reporting results, amplifying ongoing market skepticism surrounding immediate returns on massive AI investments.

Global energy benchmarks experienced a sharp intraday reversal, pulling back significantly after Brent crude briefly breached the $100 per barrel mark. Prices tumbled close to 4% following media reports that Pakistan and China are encouraging a new framework for peace negotiations between Washington and Tehran.

Government bond yields eased slightly alongside the retreat in oil prices, bringing minor relief across the yield curve. Despite the minor pullback, the 10-year Treasury note remained near 4.70%, sustained by sticky inflation concerns and newly implemented global tariff structures.