Finance

Crude oil benchmarks approached $83 per barrel following warnings from the Trump administration directed at Iran over the deaths of American military personnel. The surge in energy costs simultaneously pushed the 10-year U.S. Treasury yield higher, ending the session at 4.59% and adding pressure to broader equity valuations.

Shares of Elon Musk's SpaceX experienced their seventh consecutive day of declines, closing at $119.85. The drop has erased over $1 trillion in market value from its mid-June peak, causing the company to slip behind Meta Platforms as the eighth-largest domestic company by market capitalization.

Bitcoin and Ethereum traded lower alongside notable selling pressure, navigating around the $64,000 and $1,850 thresholds respectively. Meanwhile, retail interest shifted toward smaller digital assets, while prediction market participants braced for Coinbase to report its third straight quarterly contraction in trading volume.