Finance

The selloff in the fixed-income market resumed, pushing the benchmark 10-year Treasury yield past the 5.2% mark to its highest tier since 2007. This upward movement in yields follows recent hawkish guidance from Federal Reserve policymakers who executed a quarter-point rate increase earlier this month.

Bucking the broader technology sector decline, Nvidia shares received a boost after the company authorized a historic $150 billion stock repurchase program. Additionally, the semiconductor manufacturer rolled out a pair of open-source artificial intelligence safety platforms named OpenShell and Nvidia Sentry.

Commodities experienced notable headwinds as silver futures tumbled over 4.5% to trade near $61.71 per ounce. Gold prices similarly dropped during the session, stifled by a stronger U.S. dollar, climbing bond yields, and stalled diplomatic talks in the Middle East.