Finance

U.S. government bond yields retreated from their recent multi-decade peaks after the weaker-than-expected employment data was released. The benchmark 10-year Treasury yield declined to approximately 5.18%, down from an intraday high of over 5.34% seen earlier in the week. The 30-year yield similarly eased to about 5.57%, providing a momentary reprieve to broader equity markets that have been rattled by rising borrowing costs.

The information technology and semiconductor sectors have provided strong support for the broader markets, helping to halt a recent multi-day losing streak for the S&P 500. This upward momentum was heavily driven by a massive quarterly revenue increase reported by Micron Technology, which buoyed performance across the entire chip sector. Other technology heavyweights, including Alphabet and Nvidia, also posted early gains alongside the rollout of fresh artificial intelligence models.

Cryptocurrency markets demonstrated strong positive momentum as Bitcoin climbed over 3% within a 24-hour period to trade near $86,400. This rally marks the digital asset's third consecutive weekly gain, bolstered by historically favorable performance trends associated with the month of October. Institutional demand has remained resilient, though traders continue to weigh long-term macroeconomic indicators and shifting Federal Reserve rate policies against this seasonal tailwind.