Fed's Goolsbee said the PCE report was not entirely negative.

Monroe Energy said a pump house in a process unit at its Trainer, Pennsylvania refinery caught fire.

Zhongtai Securities co-head of research Wang Fang said at a forum that market trading this year has focused on supply-chain shortages within the AI theme, a pattern underpinned by profitability. China’s electronics sector delivered Q1 profit growth that far outpaced revenue, and leading indicators such as inventories remain healthy. Wang said large-model vendors are expanding rapidly; an inference-driven surge and widespread Agent deployment will support sustained high capex in the AI sector, while upstream bottlenecks persist, strengthening the case for durable industry growth.