S&P 500 Software & Services index hits four-month high, up 2.7%.

Chevron (CVX.N) CEO Mike Wirth said several vessels transiting the Strait of Hormuz were attacked this week, underscoring that risks to shipowners in the Persian Gulf remain "very real" regardless of whether a peace deal is signed. He said the area experienced "impulsive" military activity—some incidents reported, others not—and confirmed multiple underway ships were struck; such attacks are not daily but have occurred several times this week.

Infineon told customers and partners it will increase prices on select power-semiconductor products effective July 1. This is the company's second price rise this year, after an initial increase in April 2026. Infineon cited higher value-chain costs—energy, raw materials, transport and services—linked to geopolitical tensions, and demand for its product mix running faster than it expected several months ago.