S&P 500+0.42%▲: 7,575.39, modest gain for the session. Nasdaq+0.29%▲: 26,281.61, small advance led by Technology and chip-related strength. Russell 2000-0.49%▼: 2,977.81, small-cap weakness relative to large caps. Dow+0.29%▲: 52,637.01, broad but measured upside. VIX-5.11%▼: 15.03, down on the session as headline-driven volatility eased. Crypto: BTC+0.68%▲ $64,240.15 and ETH+2.67%▲ $1,835.78, both trading higher on the day. What's driving the market this week Renewed U.S.–Iran strikes and ongoing threats to the Strait of Hormuz pushed oil prices higher and created headline-driven swings in futures and commodity-linked sectors. Large-scale debt and capital raising tied to AI infrastructure — including substantial corporate bond and equity issuance by hyperscalers and big tech — is increasing supply in credit markets and weighing on some megacap price action. A busy corporate calendar, led by a heavy slate of major bank quarterly reports this week, is concentrating market focus on earnings and revenue trends for financials and trading businesses. (Word count: 187)