Finance

The tech-heavy Nasdaq Composite outperformed other major benchmarks, concluding the week with its third consecutive weekly gain and touching record intraday territory. Tech behemoths like Nvidia helped drive the sector upward as Treasury yields retreated from their multi-decade highs following the soft employment data. Conversely, the Dow Jones Industrial Average and the S&P 500 logged net weekly losses despite Friday's late gains.

Bitcoin and Ethereum saw a positive turn, with Bitcoin rising past $86,000 and Ethereum reclaiming the $2,700 threshold. The digital asset market was bolstered by shifting macroeconomic expectations following the lower-than-anticipated jobs data, maintaining a prevailing market sentiment of greed. Additionally, institutional interest remains active as specialized prediction markets and tokenized assets continue to expand their structural presence.

Crude oil futures fell as the G7 and European nations moved forward with a coordinated release of 100 million barrels of crude and diesel from emergency reserves. This massive supply injection successfully mitigated energy cost anxieties stemming from ongoing geopolitical frictions in the Middle East. Despite a brief daily fluctuation, benchmark West Texas Intermediate fell toward a multi-week low, easing pressure on broader consumer inflation metrics.