Finance

Technology shares, specifically in the chipmaking industry, have acted as a primary market driver with Intel and Apple announcing a major stateside manufacturing collaboration. Further momentum is being fueled by Western Digital's significant surge due to projected long-term storage shortages and Marvell Technology's recent entry into the S&P 500.

U.S. Treasury yields have faced upward pressure across the curve as renewed threats in the Middle East stoke inflation fears and impact global energy costs. Traders are closely monitoring the 10-year yield, which has hovered around 4.46% as the Federal Reserve prioritizes price stability amid rising global energy prices.

Bitcoin recently dipped below the $63,000 threshold, triggering over $1.1 billion in market-wide liquidations as institutional ETF outflows increased. While the asset has shown signs of stabilizing near $64,000, market sentiment remains cautious due to hawkish central bank messaging and shifting geopolitical risks.