Finance

U.S. government bond yields pulled back late in the week after hitting multi-decade highs, providing a boost to market sentiment. The 10-year Treasury yield fell from its peak near 5.34%, its highest point since 2002, while the 30-year yield touched levels not seen in 24 years before reversing. This late-week correction in the bond market followed softening macroeconomic data and comments from Federal Reserve officials.

The tech-heavy Nasdaq Composite led Friday's gains and reached a fresh intraday record high, supported by ongoing momentum in artificial intelligence stocks. Semiconductor heavyweight Nvidia spearheaded the movement, surging to an all-time intraday record of $237.88. This stock surge lifted Nvidia's total market capitalization beyond the $5.7 trillion mark.

Crude oil futures fell over the week despite ongoing geopolitical friction in the Middle East. Prices eased after G7 and European leaders reached a joint agreement to release 100 million barrels of emergency diesel and crude stockpiles to mitigate global supply pressures. Markets also watched the U.S. deployment of additional troops to the region amid heightened rhetoric regarding Iran.