Finance

Government bond yields eased significantly following reports that the US and Iran may be in the final stages of peace negotiations. The benchmark 10-year Treasury yield dropped to approximately 4.58%, offering relief to a market that had recently been rattled by the 30-year yield hitting its highest level since 2007.

Oil prices plummeted as traders reacted to the possibility of a swift end to the conflict in the Middle East. West Texas Intermediate and Brent crude futures both shed roughly 6% in a single day, retreating toward the $100 per barrel mark despite reports of a massive weekly draw in US crude inventories.

Trading activity centered heavily on semiconductor giant Nvidia ahead of its highly anticipated quarterly earnings release. Investors are viewing the results as a critical gauge for artificial intelligence demand, with analysts forecasting revenue growth of approximately 79% year-over-year.