Finance

Technology shares continued their dominant performance, fueled by strong earnings from companies like Snowflake and Dell. Optimism surrounding the artificial intelligence investment cycle has remained a primary driver for the Nasdaq, which ended May with an 8% monthly gain.

Bond yields held steady at the end of May after the 30-year U.S. Treasury recently hit a 19-year peak of 5.2%. While the 10-year note yield remained unchanged at approximately 4.45%, persistent inflation pressures and high energy costs have kept fixed-income markets under pressure throughout the month.

Digital assets faced a choppy trading session, with Bitcoin dipping below $73,500 following reports of direct military exchanges near the Strait of Hormuz. Despite these initial losses, the broader crypto market saw a mild rebound as traders monitored the progress of diplomatic negotiations in the Middle East.