Finance

Shares of Intel surged nearly 24% in a single session, marking the company's best daily performance since 1987. This rally followed a blowout profit report and optimistic guidance regarding AI-driven demand, which propelled the broader semiconductor index to its 18th consecutive day of gains.

The yield on the 10-year Treasury note hovered near 4.31% as markets reacted to potential peace talks aimed at resolving the conflict between the U.S. and Iran. Bond traders are also weighing the possibility of Federal Reserve interest rate cuts later this year following the conclusion of a Justice Department probe into the current Fed chair.

The cryptocurrency market showed resilience over the weekend, with Bitcoin trading near $78,000 as institutional inflows remain steady. Market sentiment is increasingly influenced by regulatory developments, specifically the push for the CLARITY Act to provide permanent legal status for digital assets.

Recent earnings reports show a varied economic landscape, with American Airlines reporting record first-quarter revenue despite a net loss linked to rising fuel costs. Conversely, major U.S. banks have maintained solid momentum, with many raising their full-year guidance for net interest income amid stable credit quality.