Finance

Intel's stock price rocketed nearly 24% following a stronger-than-expected first-quarter earnings report, marking its best single-day performance since 1987. The rally was fueled by optimistic outlooks on AI-driven demand and pushed the company's valuation past its previous peak set during the 2000 dot-com era.

The 10-year Treasury yield dipped to approximately 4.31% after the Department of Justice ended its probe into current Fed Chair Jerome Powell. This development is viewed as clearing a path for the potential confirmation of Kevin Warsh, which has led traders to increase bets on resumed interest rate cuts later this year.

Bitcoin prices remained resilient, trading near $78,100 as the market weighed ongoing geopolitical tensions in the Middle East against steady institutional inflows. While Ethereum saw a slight daily dip, both major cryptocurrencies have maintained positive momentum over the past week as volatility indexes for digital assets trended lower.

Oil prices experienced significant intraday volatility as investors monitored the naval blockade in the Strait of Hormuz and potential ceasefire negotiations. Although prices for Brent crude remained well above pre-conflict levels, they saw slight pullbacks late in the week as hopes for a restart in diplomatic talks emerged.