Finance

Market momentum remained tightly focused on mega-cap technology firms, heavily driven by strong performance from dominant AI chip designers like Nvidia and AMD. However, financial analysts note that overall market breadth has significantly narrowed, raising questions about broader equity participation.

Treasury yields experienced a moderate pullback, offering relief to the equity market. The benchmark 10-year Treasury yield moderated to hover near 5.26% after touching multi-year highs in recent sessions.

Global energy markets found relative stability after recent volatility, as Brent futures traded around the $100 per barrel mark. Supply concerns stemming from Middle Eastern geopolitical tensions were offset by a planned emergency diesel and crude inventory release by G7 nations.