Finance

Major companies including UnitedHealth, GE Vernova, and Boeing reported quarterly profits that exceeded analyst expectations, providing a boost to market sentiment. UnitedHealth shares rose significantly after the insurer posted adjusted earnings of $7.23 per share and raised its full-year projections, signaling a successful turnaround strategy.

Persistent inflation driven by war-related energy shocks has led economists to push back expectations for a Federal Reserve interest rate cut until late 2026. Market participants are also closely monitoring the nomination of Kevin Warsh as the next Fed Chair, whose recent testimony on Capitol Hill indicated a hawkish stance that contributed to a rise in Treasury yields.

While the ceasefire extension provided brief relief, oil prices continued to fluctuate as the Strait of Hormuz remained effectively closed to traffic. Brent crude traded around $100 a barrel, reflecting ongoing concerns that the naval blockade could force a reduction in production despite efforts to find alternative shipping routes.

Bitcoin rallied to its highest level in over two months, surpassing $78,000 as institutional accumulation and easing geopolitical fears increased risk appetite. A significant $2.5 billion purchase by a major U.S.-listed firm further bolstered confidence, even as some analysts warned of potential volatility if regional peace negotiations break down.

The technology sector continues to drive the 'AI trade,' with market focus shifting from infrastructure spending to how companies generate sustainable returns from machine intelligence. Major players like Amazon have increased their investments in AI startups, while firms such as UnitedHealth are actively integrating AI into large-scale healthcare operations to improve efficiency.