Finance

Micron Technology shares rose over 5% as investors anticipated its upcoming quarterly report, providing a bright spot for the semiconductor sector. Other industry leaders, including Intel and Advanced Micro Devices, also saw gains as the market continues to favor companies involved in the artificial intelligence hardware supply chain.

Crude oil prices fell below $75 a barrel following reports that U.S. and Iranian officials reached a framework agreement for a potential 60-day peace roadmap. The diplomatic breakthrough helped alleviate concerns over global energy supply disruptions that have persisted since the start of the conflict earlier this year.

The 10-year Treasury yield climbed back toward 4.5% as market participants adjusted to a tighter monetary policy stance under the new leadership of Fed Chair Kevin Warsh. Investors are closely monitoring upcoming inflation data, which will likely determine if the central bank pursues further rate hikes before the end of 2026.