Finance

Crude oil futures dipped slightly at the end of the week, with Brent crude easing toward $104 a barrel and U.S. West Texas Intermediate slipping to around $91.20. Market anxieties cooled after a domestic political commitment promised no immediate military updates regarding Iran prior to the upcoming midterm elections. Additionally, the announcement of a deal with Russia to inject more diesel into global logistics networks provided further relief, though shipping vulnerabilities in the Middle East have kept a persistent geopolitical premium priced into energy assets.

The 10-year Treasury yield fluctuated before closing out the week at approximately 5.24%, stabilizing slightly beneath its recent 24-year high of 5.37%. Meanwhile, the 30-year bond yield hovered near 5.60% as fixed-income markets cooled off from their aggressive multi-day surge. Investors remain cautious as bond markets prepare for a scheduled holiday closure on Monday, while keeping a close eye on the Federal Reserve's potential interest rate trajectory.

Technology and semiconductor stocks faced significant pressure earlier in the week after reports indicated that OpenAI's annualized revenue fell short of previous expectations by approximately $20 billion. The news triggered notable slumps in major players, causing shares of Oracle, Nvidia, and Advanced Micro Devices to suffer sharp individual session losses. Despite this AI-driven stumble that temporarily dragged the Nasdaq down by over 1%, the sector managed to stage a rebound by the end of the week.