Finance

U.S. Treasury yields pulled back from recent local highs as the geopolitical premium on crude oil unwound. The benchmark 10-year Treasury yield dropped to approximately 4.68% as Brent crude plunged nearly 5%. The decline in yields alleviated short-term borrowing concerns and provided an immediate tailwind for technology and high-growth equities.

Palantir Technologies saw its shares jump roughly 10% in extended trading after delivering stellar fiscal second-quarter financial results. The enterprise software provider surpassed Wall Street forecasts for both earnings and revenue while simultaneously boosting its full-year guidance. Strong expansion across its domestic commercial and government divisions, spearheaded by growing military AI demand, drove the strong quarterly performance.

Major digital assets like Bitcoin and Ethereum struggled to build sustainable upward momentum, trading slightly lower despite the broader rally in traditional equities. Digital token prices have been capped by lingering anxiety surrounding an multi-million dollar security exploit affecting Coldcard hardware wallets. The ongoing security incident has heavily shaken investor confidence in self-custody, driving capital outflows from crypto exchange-traded funds.