Finance

The S&P 500 and Nasdaq suffered sharp declines recently, snapping a historic rally as investors retreated from artificial intelligence stocks. Major semiconductor and technology companies saw significant losses after some quarterly guidance failed to meet high market expectations, leading to the Nasdaq's worst weekly performance in over a year.

Ongoing conflict between the U.S. and Iran has caused energy prices to fluctuate significantly, with Brent crude reaching near $98 per barrel. While temporary ceasefire agreements have occasionally provided relief, 100 days of active conflict have continued to pressure global supply chains and heighten inflation concerns across major economies.

U.S. Treasury yields surged following the latest economic data, with the 2-year note reaching its highest level since early 2025. The benchmark 10-year yield also rose significantly, reflecting a broader market shift away from anticipated rate cuts as investors demand higher premiums to offset persistent inflationary pressures.