Finance

Crude oil benchmarks experienced significant fluctuations as investors monitored the fragile status of negotiations between the U.S. and Iran. Although prices retreated slightly after President Trump indicated ceasefire talks were ongoing, concerns regarding potential disruptions in the Strait of Hormuz kept energy markets on edge and stoked inflation fears.

The technology sector remains the primary engine for the S&P 500, though gains are increasingly concentrated in a few high-performing names. Companies like Nvidia and Marvell continue to reach new heights on artificial intelligence optimism, while other industry stalwarts like Intel have struggled to keep pace, leading to a notable divergence in performance across the chip industry.

Digital assets entered June with significant losses, as Bitcoin fell below the $70,000 threshold to its lowest opening level since early April. Investor sentiment turned risk-off in the crypto space due to a record streak of net withdrawals from spot ETFs and a broader rotation of capital toward higher-performing artificial intelligence equities.