Finance

Major stock indices rebounded from early session losses to close fractionally higher, breaking a three-day down streak for the S&P 500. While the tech-heavy Nasdaq and the Dow Jones Industrial Average managed minimal gains, the broader markets continue to see a structural divide caused by rising borrowing costs.

The information technology sector provided the strongest boost to equities, climbing nearly one percent following stellar quarterly updates from Micron Technology. The memory chipmaker reported a massive quadrupling of its revenue, providing relief to chip stocks across the industry.

Crude oil prices hovered near elevated levels, with international benchmark Brent crude trading around $98 per barrel and West Texas Intermediate steady near $90. Persistent friction in U.S.-Iran diplomatic talks coupled with tighter finished product exports from China and Russia continue to preserve a significant geopolitical premium.