Finance

Strong quarterly performance and guidance from infrastructure providers fueled investor optimism across the technology sector. Shares of CoreWeave and Super Micro Computer surged after delivering strong operational metrics, helping to pull the tech-heavy Nasdaq Composite and benchmark S&P 500 into positive territory. However, individual stock performance has become more selective as investors seek clear profitability from hefty AI infrastructure investments.

Despite a brief slide ahead of the inflation readings, Bitcoin rebounded to stabilize near the $64,000 threshold. Market liquidity remains tighter with a year-over-year contraction across digital assets, but institutional confidence appeared resilient. Major corporate entities like Metaplanet and Hut8 moved roughly $125 million worth of Bitcoin into private custody, signaling long-term bullish sentiment despite a broader summer lull.

International energy markets saw a drop in crude prices as anxieties over global demand growth outweighed regional tensions in the Middle East. Recent data indicated the largest weekly increase in commercial crude inventories since early 2023, while OPEC adjusted its global demand forecasts lower for the year. Both Brent crude and benchmark U.S. crude slipped significantly, trading below key psychological resistance thresholds.