Finance

Unprecedented demand for AI hardware and data center infrastructure continues to propel technology shares, with the Nasdaq 100 recently surpassing the 30,000 milestone. Major movers include Micron, which crossed a $1 trillion market capitalization, and companies like Snowflake and Dell that reported substantial revenue growth tied to AI compute deals.

Reports of a 60-day ceasefire memorandum between the United States and Iran have significantly eased market tensions, leading to a sharp retreat in WTI crude prices to around $90 per barrel. While the deal awaits formal endorsement from the White House, the potential reopening of the Strait of Hormuz has already reduced energy-related inflationary concerns.

The 10-year Treasury yield is holding near 4.45% as the market shifts its focus toward a series of critical upcoming economic releases, including the JOLTS report and nonfarm payrolls. Traders are closely monitoring these indicators for signals on the Federal Reserve's next move, with some pricing in a potential interest rate hike before year-end.