1. U.S. stock markets closed sharply higher with the Dow Jones jumping over 800 points and the S&P 500 up more than 1%, driven by a rally in tech shares like Alphabet and Qualcomm.
2. Global crude oil prices dropped significantly, with Brent falling 3.41% to $114.01 per barrel and U.S. crude also weakening amidst demand and geopolitical news.
3. CME 'FedWatch' data indicates a 94.9% probability that the Fed will hold interest rates steady in June, signaling market expectations for a continued tight monetary policy.
US Stocks Surge, Oil Prices Tumble, & Fed Rate-Cut Hopes Fade
