Finance

International and domestic crude prices experienced a sharp decline, pulling West Texas Intermediate below one hundred dollars a barrel. An improved outlook for supply and constructive diplomatic discussions helped ease recent inflationary worries that have hung over the global economy.

Government bond yields slid for consecutive sessions, providing relief to capital-heavy equity sectors. The retreat in the ten-year Treasury note yield follows the Federal Reserve's recent implementation of a quarter-percentage-point increase to its benchmark lending rate.

Digital assets experienced substantial upward momentum, reaching trading thresholds not seen since the beginning of the year. The crypto rally was heavily accelerated by massive short liquidations, with hundreds of millions in short positions wiped out within a short timeframe.