Finance

Tech shares staged a successful recovery following a previous selloff driven by negative annualized revenue reports from OpenAI. Despite additional sector noise, such as Nvidia-backed Firmus Grid scrapping its multi-decade record initial public offering in Australia, the tech-heavy Nasdaq recorded its fourth consecutive weekly gain.

The benchmark 10-year U.S. Treasury yield held steady at roughly 5.24%, slightly cooling off after touching a 24-year high of nearly 5.37% earlier in the week. Strong investor demand during government debt auctions helped alleviate some pressure across the fixed-income curve as bond markets head into a scheduled holiday closure.

Oil prices experienced a slight downward shift after a diesel supply agreement was reached between the United States and Russia. West Texas Intermediate futures hovered around $91.20 a barrel, while international Brent crude slipped to $104 per barrel despite persistent regional shipping threats.