Finance

Technology sector earnings for the first quarter have largely exceeded analyst expectations, though the market is differentiating between firms based on their AI spending efficiency. While companies like Alphabet have surged following strong results, others such as Microsoft and Meta have faced pressure or volatility due to massive capital investment guidance related to AI infrastructure.

U.S. Treasury yields tumbled as the prospect of peace in the Middle East led to a sharp drop in global crude oil prices, which fell by as much as 7% in a single session. The 10-year yield fell to approximately 4.35%, reflecting diminished inflation fears and a reduced immediate need for the Federal Reserve to maintain highly restrictive interest rates.

Cryptocurrency markets have seen renewed momentum, with Bitcoin pushing past the $80,000 threshold to reach its highest level of the year. Gains were supported by news of a Senate compromise on the U.S. Clarity Act, which addresses key regulatory provisions for stablecoins and provides more structure for the digital asset industry.