Finance

Wall Street is closely monitoring Micron Technology's third-quarter results, viewed as a definitive indicator for the sustainability of the AI-driven market rally. After the Philadelphia Semiconductor Index suffered one of its sharpest daily declines of the year on Tuesday, analysts are looking for exceptional performance and guidance to justify current growth expectations and elevated debt-backed infrastructure spending.

The yield on the 10-year U.S. Treasury note fell to approximately 4.40% today as energy costs slid, easing immediate inflation concerns. Crude oil prices dropped significantly toward pre-war levels as tankers began moving more freely through the Strait of Hormuz, though markets remain wary of the upcoming PCE inflation report scheduled for release on Thursday.

Digital assets continued their downward trend on June 24, with Bitcoin falling toward the $60,000 threshold and Ethereum struggling below its 200-day simple moving average. The crypto bear market is being fueled by a strengthening U.S. dollar and a broader investor shift away from high-risk assets, even as on-chain activity for protocols like Rune reached multi-year highs.