Finance

Despite a slight dip during regular trading hours, Micron Technology shares surged nearly 15% in extended trading after reporting fiscal third-quarter results that exceeded analyst expectations. The chipmaker provided a strong fourth-quarter revenue forecast of $50 billion, significantly higher than previous estimates, which also lifted other semiconductor stocks such as Qualcomm and Applied Materials in sympathy.

Global Brent crude oil prices dropped sharply to their lowest levels since the start of the conflict with Iran, as shipping traffic through the Strait of Hormuz improved. This decline in energy costs has provided some relief to markets and boosted the travel sector, with airline stocks and companies like Expedia and Booking Holdings seeing notable gains.

U.S. Treasury yields rose slightly on June 25, 2026, as market participants braced for the release of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge. The 10-year yield held near 4.41% as traders adjusted their expectations for interest rate hikes under the leadership of the new Fed Chair, Kevin Warsh.