Finance

Bond market pressures eased considerably as yields on U.S. government notes pulled back from their highest levels since 2002. The benchmark 10-year Treasury yield, which had touched 5.34% amid rising cost concerns, drifted downward following the soft domestic employment data. This shift in the fixed-income market gave equities breathing room, allowing multi-national indices to rebound from earlier weekly losses.

Micron Technology reported stellar fourth-quarter fiscal 2026 earnings, posting non-GAAP profits of $33.42 per share to vastly outperform the previous year's figures. The company's massive growth was driven by robust pricing power and booming data center demand for AI-centric memory and storage solutions. Revenues for the quarter surged past consensus estimates, cementing investor enthusiasm for infrastructure providers tied to the artificial intelligence sector.

Crude oil futures ended the week lower following a coordinated agreement by the G-7 and European nations to release 100 million barrels of crude and diesel from emergency reserves. Commodity markets were further impacted by restrictions from Beijing limiting major oil refiners from exporting outside specific regions during a week-long national holiday. Simultaneously, precious metals experienced selling pressure, with gold dipping on the back of an elevated U.S. dollar.