Finance

Long-term U.S. government bond yields extended their rise, with the 30-year Treasury yield hitting its highest level since 2007. This fixed-income selloff is being driven by persistent worries over the domestic fiscal outlook, mounting national debt, and broader global inflationary pressures.

Energy prices scaled upwards following the expiration of the temporary ceasefire agreement between the United States and Iran. Brent crude climbed past ninety dollars per barrel as fading hopes for a diplomatic breakthrough raised immediate concerns over transit safety through the Strait of Hormuz.

Investors are closely monitoring financial updates from prominent consumer discretionary firms to gauge domestic spending habits following a recent drop in monthly retail sales. Home Depot provided an early boost to market sentiment after reporting second-quarter financial results that surpassed expectations.