Finance

Crude oil prices advanced sharply, with Brent crude tracking comfortably above the $100 per barrel mark. The upward momentum is driven by escalating geopolitical tensions, including intensified Houthi attacks in the Middle East, alongside production concerns from a developing storm in the Gulf of Mexico.

The yield on the 30-year Treasury bond advanced to 5.70%, touching levels not seen since 2002. Fixed-income markets face downward pricing pressure as massive upcoming auctions for short-term and long-term notes push borrowing costs upward.

The technology sector experienced a noticeable pullback, acting as the primary drag on the major market indexes. Significant losses were recorded among major semiconductor companies, including Micron Technology and Advanced Micro Devices, due to rising credit costs.