Finance

Micron Technology reported financial results after the market close that exceeded analyst expectations for both revenue and future guidance. Although the stock dipped slightly during regular trading hours, it soared more than 13% in after-hours activity, reigniting investor confidence in the artificial intelligence sector.

Crude oil futures saw a significant decline, with West Texas Intermediate falling nearly 5% to approximately $69.80 per barrel. Prices have retreated to levels not seen since the onset of the conflict with Iran, as reports of improved tanker traffic through the Strait of Hormuz helped alleviate global supply fears.

The yield on the benchmark 10-year US Treasury note fell to 4.40% on June 24, tracking the downward movement in energy costs. Investors shifted toward safer assets, leading to the largest one-day yield decline for the 2-year Treasury since late May as concerns about energy-driven inflation began to subside.