Finance

Market concerns surrounding a slower pace of expansion in the artificial intelligence sector stabilized at the end of the week. Anxiety triggered by an earlier report regarding lower annualized revenue for OpenAI subsided after updated estimates projected the company's revenue trajectory could hit $70 billion. Although chipmaker Nvidia experienced a slight decline after a backed cloud firm canceled its initial public offering plan, broader technology shares managed to reverse the previous session's selloff.

Crude oil futures witnessed dynamic trading as international benchmark Brent crude settled at $104.72 per barrel and domestic West Texas Intermediate closed at $91.85 per barrel. Energy prices experienced competing pressures after the U.S. administration indicated no military strikes on Iran would occur prior to the midterms, alongside a newly unveiled diesel supply agreement with Russia. However, these factors were countered by the arrival of Hurricane Isaias, which forced the shutdown of more than 70% of crude production capacity in the U.S. Gulf of Mexico.

The 10-year U.S. Treasury yield hovered near 5.24% on Friday, exhibiting minimal changes to close out the week. Fixed-income markets found some footing after the benchmark yield reached its highest point in 24 years at nearly 5.37% earlier in the week. Investors are maintaining a cautious stance as bond markets prepare for an upcoming closure, with market focus shifting toward critical inflation metrics and impending Federal Reserve policy cues.