Finance

U.S. benchmark crude prices dropped below $88 per barrel as oil flows through the Strait of Hormuz and key Saudi Arabian transit lines began recovering. Despite persistent geopolitical tensions between the United States and Iran, increased supply volumes from the region have alleviated immediate energy shock concerns.

The 10-year U.S. Treasury yield marginally fell to roughly 5.26% after touching its highest level since 2002. Fixed-income investors remain focused on rising inflationary pressures and the national debt exceeding $40 trillion, looking to the impending release of the Federal Reserve's September meeting minutes for future interest rate indicators.

Surging appetite for hardware infrastructure driven by AI agents has substantially lifted advanced chipmakers, pushing AMD to a historic $1 trillion market cap milestone. Concurrently, dominant technology heavyweights Nvidia, Apple, and Microsoft continue to drive index concentration, keeping equity markets afloat ahead of the broader corporate earnings season.