Finance

Dell Technologies experienced its best trading day ever, surging nearly 33% following quarterly profits that exceeded analyst expectations and a raised outlook linked to AI computing demand. Similarly, Snowflake and Anthropic saw substantial valuation growth, with Anthropic reaching a $965 billion valuation after its latest funding round.

Brent crude oil prices slipped toward $91 per barrel as markets reacted to reports of a possible ceasefire deal involving the conflict with Iran. This pullback in energy costs provided relief to fuel-sensitive sectors like airlines and helped lower U.S. Treasury yields, which eased broader market pressure.

Recent FOMC minutes and public comments from policymakers suggest that persistent inflation, fueled by earlier energy shocks, could necessitate further interest rate increases. While the benchmark rate remains in the 3.5% to 3.75% range, officials have largely backed away from previous expectations of near-term rate cuts.