U.S. stock market indices showed mixed performance overnight, with the Dow Jones Industrial Average closing slightly higher, while the S&P 500 and Nasdaq declined.


The chip and semiconductor sector collectively declined, with Qualcomm plunging 11%, Micron Technology down 3.5%, and Intel and SanDisk both falling over 6%.
Concerns over escalating tensions in Iran continued to boost international oil prices, with WTI and Brent crude both surging.
Additionally, the U.S. April CPI year-over-year rate reached 3.8%, exceeding market expectations and hitting a new high since May 2023, with energy being one of the main factors driving inflation.
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