Finance

Brent crude futures declined slightly but managed to remain above the key psychological threshold of $100 per barrel. The drop in energy costs was catalyzed by statements indicating that military escalation affecting Middle East energy channels would be averted before upcoming domestic elections.

Technology and semiconductor shares attempted to find a footing following a volatile session triggered by media coverage of OpenAI's financials. A Financial Times report revealed that the AI developer's annualized revenue run rate reached approximately $50 billion, missing higher internal and public expectations.

The benchmark 10-year US Treasury yield hovered near 5.25%, maintaining its position close to the 24-year high established earlier in the week. Persistent worries regarding inflation and elevated energy costs have continued to place upward pressure on government borrowing costs, capping broader market valuations.