Finance

Crude oil futures and Treasury yields edged slightly lower following White House announcements concerning constructive discussions aimed at avoiding immediate military strikes in the Middle East. Benchmark West Texas Intermediate fell slightly to just above $91 a barrel, while international Brent crude settled near $104 per barrel. Concurrently, the 10-year Treasury yield receded from its multi-decade high established earlier in the week, easing recent broader asset class pressures.

The tech-heavy Nasdaq Composite secured its fourth consecutive weekly gain, demonstrating resilience after a sharp mid-week selloff triggered by reports that OpenAI's annualized revenue fell short of previous expectations. The initial financial reporting concern had severely impacted key hardware and software heavyweights, including Nvidia and Oracle. Although localized fallout included an Nvidia-backed entity canceling a major planned initial public offering, broader sector dip-buying ultimately restored positive momentum.

The domestic telecommunications landscape experienced intense downward pressure following news of a strategic market move by SpaceX, which secured an 800 MHz spectrum acquisition to venture into mobile software operations. Major traditional wireless network operators suffered steep losses, with T-Mobile US plunging 13.3%, alongside synchronized declines for competitors Verizon and AT&T. Conversely, real estate investment trusts specialized in wireless communication towers capitalized on the shift, charting significant upward movement.