Finance

U.S. and international crude benchmarks fell sharply, with West Texas Intermediate dropping 4.5% to settle around $95.78 per barrel and Brent crude sliding below the $100 threshold. The retraction in energy costs helped alleviate broader market concerns regarding inflation and operational headwinds.

Shares of Advanced Micro Devices jumped roughly 10% during the session, allowing the chipmaker to cross the historic $1 trillion market capitalization milestone. The milestone follows renewed enthusiasm for specialized infrastructure powering AI agents and digital services.

The yield on the 10-year Treasury note pulled back by more than 4 basis points, falling to approximately 4.95%. Bond yields declined in tandem with retreating oil prices, offering relief even as fixed-income markets digest the Federal Reserve's recent quarter-point interest rate increase.