Finance

Crude oil benchmarks experienced notable declines, with West Texas Intermediate falling 2.4% to settle at $81.25 per barrel and Brent crude slipping 2.1% to $87.07 per barrel. The downward adjustments occurred as market participants analyzed falling oil demand alongside ongoing geopolitical conflicts involving the U.S. and Iran.

Shares of Cisco Systems fell over 8%, serving as a prominent drag on the Dow Jones Industrial Average. Although the networking equipment giant reported better-than-expected revenue and profit, investors pulled back due to conservative growth projections and concerns over near-term profit margins.

The cryptocurrency market observed listless trading for major tokens, with Bitcoin stabilizing near the $63,500 level. While the latest domestic consumer and producer price data reduced macroeconomic anxiety, the digital asset lacked the immediate catalysts required to break out of its current consolidation range.