Finance

Despite the broader market volatility, semiconductor stocks like Nvidia and Micron Technology continued to rally, significantly buoyed by the ongoing artificial intelligence infrastructure cycle. These gains have made the S&P 500 increasingly dependent on a small group of tech companies, which now account for nearly 18% of the index's total weighting.

Government bond yields surged as investors recalibrated their outlook for Federal Reserve policy in light of hot inflation data. The 10-year Treasury yield reached approximately 4.49%, its highest level since July 2025, while the 30-year bond yield climbed above the 5% threshold for the first time in nearly two decades.

Crude oil prices advanced significantly as unresolved conflicts between the United States and Iran continue to threaten energy supplies. West Texas Intermediate settled above $102 per barrel as markets reacted to stalled ceasefire negotiations and new demands regarding the Strait of Hormuz.