Finance

Rising oil prices have renewed worries about sticky inflation and future interest rate trajectories, causing U.S. government bond yields to push higher. The benchmark 10-year and 30-year Treasury yields climbed significantly, putting them within close proximity of their highest levels recorded in 2026.

Wall Street benchmarks drifted slightly lower following a sequence of record-breaking performances, indicating a cautious tone across broader markets. Investors are primarily awaiting the release of July's inflation metrics to assess whether macroeconomic pressures will ease enough for the Federal Reserve to scale back interest rate expectations.

Intel shares experienced downward pressure following the company's disclosure of a proposed equity offering aimed at raising up to $15 billion. The tech giant intends to channel the capital injection into expanding its foundry capacity and accelerating structural investments related to artificial intelligence technology.