Finance

Technology and semiconductor stocks led the market higher, buoyed by a reported deal between Intel and Apple for device-powering chips. This news sent Intel shares up 14%, while other sector players like Micron Technology and SanDisk saw double-digit gains driven by massive artificial intelligence infrastructure spending. The Philadelphia SE Semiconductor index has now seen gains of approximately 55% so far in the second quarter of 2026.

The yield on the benchmark 10-year Treasury note eased to 4.36% on Friday, retreating from earlier weekly highs as domestic economic concerns offset strong labor data. A preliminary University of Michigan survey indicated that U.S. consumer sentiment remains at its lowest level since 2022, largely due to high fuel prices and tariffs. Despite this cooling, the 10-year yield remains significantly elevated compared to levels seen prior to current geopolitical conflicts.

Cryptocurrency markets experienced significant fluctuations as Bitcoin briefly fell below $80,000 following reported airstrikes in the Middle East and a surge in oil prices. The digital asset later recovered to trade around $80,100, remaining relatively steady after the strong U.S. employment report provided a macro boost. Analysts identify $75,000 as a critical support level for the current bull cycle, while altcoins like Internet Computer and Near Protocol outperformed the broader market.