Finance

The technology sector, particularly semiconductor companies, remains the primary engine of market growth. Substantial earnings beats from firms like Dell Technologies, which saw shares surge over 30% following strong AI infrastructure demand, have reinforced investor optimism and propelled the Nasdaq to new historical highs.

Reports of a 60-day ceasefire agreement between the U.S. and Iran have eased global energy concerns, leading to a decline in Brent Crude prices toward $91 per barrel. This reduction in inflationary pressure also helped pull the 10-year Treasury yield down to approximately 4.46% from recent peaks.

The U.S. Treasury market is currently exhibiting a normalized yield curve, with long-term maturities yielding more than short-term bills. As of the end of May, the 30-year Treasury bond yield stood near 4.98%, reflecting market expectations for sustained economic growth and a gradual stabilization of inflation.