Finance

Long-term borrowing costs escalated as 10-year U.S. Treasury yields touched the 5% threshold. This upward trajectory in fixed-income yields follows the central bank's recent interest rate hike, which was implemented to combat lingering inflationary pressures driven by high energy prices.

Despite broad sell-offs across multiple sectors, the tech-heavy Nasdaq-100 index managed weekly gains. A notable rebound in large-cap technology firms and semiconductor manufacturers helped anchor the market as interest rates showed temporary signs of stabilization.

The cryptocurrency market witnessed a substantial rally as Bitcoin surpassed the $80,000 mark. The upward momentum was largely accelerated by the rapid liquidation of over $180 million in short positions, helping the digital asset maintain its resilience despite recent regulatory setbacks in the Senate.