Finance

Crude oil futures rose nearly 1% after the United States launched retaliatory strikes against Iran following the downing of a military helicopter. This renewed conflict has heightened concerns over global energy supply stability, pushing West Texas Intermediate prices toward $89 a barrel and disrupting hopes for a swift diplomatic resolution.

The yield on the 10-year U.S. Treasury note remained steady near 4.53% as market participants prepared for the release of new Consumer Price Index figures. Despite safe-haven flows triggered by international tensions, yields have been biased higher as a resilient labor market suggests the Federal Reserve may maintain restrictive interest rates through 2026.

Large-cap technology stocks have faced downward pressure as institutional investors reportedly liquidate positions to raise capital for the upcoming $86 billion SpaceX initial public offering. This massive liquidity event is expected to be a major test for market sentiment and has contributed to a broader rotation out of previously high-flying AI sectors.