Finance

Energy markets reacted to advancements in U.S.-Iran peace talks, which included the issuance of a 60-day license allowing Iran to sell oil in international markets. Brent crude futures settled over 3% lower, falling below $78 per barrel as investors anticipated a normalization of global supply.

In contrast to the broader tech decline, semiconductor companies posted strong gains ahead of key earnings reports. Micron Technology climbed nearly 7% after announcing a partnership with Anthropic, while other industry players like Intel and Advanced Micro Devices also saw notable advances.

U.S. Treasury yields rose significantly, with the 10-year note reaching approximately 4.51%, its highest level in two weeks. This movement followed a hawkish policy tone from the new Fed Chair, Kevin Warsh, as markets increasingly price in a potential interest rate hike before the end of 2026.