Finance

Despite broader market volatility, tech shares saw continued interest following strong earnings from chipmakers and high-growth software firms. Advanced Micro Devices reported upbeat guidance while Datadog shares soared nearly 30% after its quarterly revenue beat expectations, driven by secular demand for artificial intelligence infrastructure.

U.S. Treasury yields climbed after an initial morning dip, with the 10-year note rising to approximately 4.37%. Investors reacted to weekly jobless claims that came in at 200,000, which was lower than economists anticipated and suggested the labor market remains too healthy for immediate Federal Reserve interest rate cuts.

The cryptocurrency market showed mixed results as Bitcoin maintained a position above $81,000 but failed to sustain a breakout above its 200-day moving average. While institutional interest remains high with significant inflows into spot ETFs, some analysts are warning of a potential false breakout if price action cannot clear the $83,300 resistance level.