Finance

Semiconductor and artificial intelligence infrastructure firms faced intense selling pressure amid concerns regarding high valuations and steep capital spending budgets financed by heavy debt loads. High-profile chipmakers like Nvidia and Broadcom, alongside memory manufacturers and specialized cloud providers, were among the heaviest weights on the broader market indices.

Stalled diplomatic negotiations between the United States and Iran have stoked fears of prolonged disruptions to international energy supply lines. As crude futures steadily advanced toward multimonth highs, the S&P 500 energy sector stood out as the market's primary refuge, rallying to post a fresh all-time high.

Fixed-income markets experienced significant volatility as government bond yields climbed internationally due to persistent inflation anxieties fueled by elevated oil prices. In the United States, the 30-year Treasury yield surged to a 19-year high, while sovereign yields in nations such as Germany, France, and Japan concurrently scaled long-term peaks.