Finance

Major U.S. indexes posted mixed results on Friday, with the Dow Jones Industrial Average eking out a modest gain while the tech-heavy Nasdaq composite dropped nearly one percent. Despite Friday's volatile session, major benchmarks still managed to secure their first positive weekly return since early October as cooling producer price data helped offset earlier concerns from a hotter-than-expected consumer price index report.

The digital asset market suffered a severe sell-off, pushing Bitcoin down past the critical support level of $70,000 to its lowest price since August. The steep downward momentum sparked over $1.3 billion in leveraged crypto futures liquidations, heavily weighing on major tokens like Ethereum and accelerating outflows from spot Bitcoin exchange-traded funds.

The benchmark 10-year U.S. Treasury yield advanced further to hover around 5.15% as bond markets continued to extend their recent slump. Fixed-income securities have faced severe headwinds from persistent domestic inflation reports and rising crude oil prices, which have strengthened expectations that the Federal Reserve will implement additional interest-rate hikes.