The Dow Jones Industrial Average managed a modest 0.2% gain, buoyed by traditional sectors like materials and manufacturing. In contrast, the S&P 500 stagnated as high-growth tech stocks faced intense scrutiny. Apple shares dropped 5.3%, a sharp reversal that underscored the volatility currently gripping AI-linked portfolios after a prolonged period of expansion.
Global sentiment remains tempered by macroeconomic pressures. U.S. annual inflation has climbed above 4% for the first time in three years, a development that pushed bond yields down and kept the dollar near a one-year high. While European markets tracked upward with the STOXX 600, commodities showed mixed signals, with oil prices edging higher while gold prices faced ongoing fluctuations against the strengthening greenback.
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