Finance

Sustained selling in the sovereign debt markets briefly propelled the 10-year U.S. Treasury yield past the 5.04% threshold, marking its highest intraday level since 2007. This spike underscores expanding borrowing costs and widespread investor anxiety as the Federal Reserve initiates its high-stakes interest-rate policy meeting.

The energy sector stood out as the sole positive performer in the S&P 500, buoyed by Brent crude futures climbing roughly 3% to settle above $108 a barrel. The commodity rally was sparked by the unexpected closure of an essential crude pipeline infrastructure in Saudi Arabia, which triggered significant supply restrictions.

Prominent technology executives from top AI laboratories issued calls to decelerate the deployment of advanced software models until comprehensive governance structures are established. These warnings triggered widespread tech volatility, leading to sharp declines for semiconductor giants including Nvidia, Broadcom, and Advanced Micro Devices.