Finance

U.S. Treasury yields and the U.S. Dollar Index both weakened significantly following the release of the soft September employment data. The 10-year Treasury yield, which had recently trended near multi-decade highs, dipped alongside short-term notes as aggressive monetary tightening bets eased. Concurrently, the dollar lost ground against major global currencies, providing a brief respite to broader financial markets.

Crude oil futures finished lower for the week after Group of Seven leaders and European nations agreed to release 100 million barrels of crude and diesel from emergency reserves. This coordinated emergency intervention aimed to combat rising fuel prices amidst ongoing supply concerns related to geopolitical deadlocks in the Middle East. Despite a small intraday recovery on Friday, West Texas Intermediate and Brent crude remained capped by the sudden supply injection.

Shares of retail giant Nike fell sharply following downcast financial guidance indicating a steeper decline in fiscal year sales than analysts had anticipated. The brand has faced significant pressure, with stock valuations hovering near 12-year lows due to underperforming international metrics. Analysts pointed to a substantial decline in key regions like China, where competitive pressure from lower-cost domestic companies has intensified.