Finance

Crude oil futures experienced a slight pullback from earlier weekly peaks after domestic political assurances reduced immediate fears of conflict expansion in the Middle East. Additionally, a new diplomatic deal to boost global diesel supplies helped mitigate broader energy market pressures. Despite this modest dip, international benchmarks remained highly elevated, with Brent crude holding firm above the $100 per barrel threshold due to ongoing maritime disruptions.

The 10-year U.S. Treasury yield hovered near 5.24% at the end of the week, remaining close to its highest level in 24 years. Fixed-income markets continue to face heavy pressure as robust economic fundamentals and elevated energy costs fuel expectations of higher-for-longer interest rates. Bond trading is set to pause for a holiday, leaving investors to monitor shifting consumer inflation expectations ahead of the next Federal Reserve policy meeting.

The telecommunications sector experienced intense downward pressure on Friday following a significant strategic move by SpaceX. The aerospace firm acquired 800 MHz spectrum to launch a mobile game, prompting a steep double-digit decline in major wireless carriers like T-Mobile US, Verizon, and AT&T. Conversely, infrastructure firms and cell tower operators saw a strong surge in buying interest as investors adjusted to the shifting competitive landscape.