Finance

Crude oil futures stabilized and ticked slightly lower toward the end of the week following high-profile geopolitical announcements. President Trump confirmed the U.S. would avoid attacking Iran ahead of the November midterm elections and unveiled a diesel supply arrangement with Russia, offering some respite to energy markets even as global supply risks persist.

The tech sector staged a notable recovery on Friday, reversing a sharp sell-off triggered by conflicting reports regarding OpenAI's financial performance. Concerns initially arose from an estimate placing the firm's annualized revenue $20 billion below prior expectations, but subsequent reports projecting strong year-end growth restored market confidence and lifted technology shares.

The 10-year Treasury yield fluctuated just under 5.25%, taking a breather after scaling its highest level since 2002 earlier in the week. Financial markets are now shifting their attention to the upcoming kickoff of the third-quarter corporate earnings season, which begins in earnest next week with financial reports from major national banks.