Finance

Despite facing modest losses in the final session of the week, the S&P 500 and the Nasdaq Composite managed to close out a third consecutive week of overall gains. Slower inflation metrics throughout the week provided underlying support, bolstering expectations that the Federal Reserve will hold interest rates steady.

Digital assets pulled back late in the week, with Bitcoin slipping below the $63,000 threshold. The downturn followed broader macroeconomic concerns alongside a canceled Securities and Exchange Commission meeting, which delayed expected regulatory clarity on crypto fundraising.

Precious metals held solid ground with gold futures maintaining a position above $4,400 per ounce. The commodity found strong support as recent soft consumer data reduced Wall Street projections for future central bank rate hikes.