Finance

In contrast to the tech rally, the Dow Jones Industrial Average slipped as cyclical and financial sectors struggled. Ongoing uncertainty surrounding the Iran war and restricted traffic through the Strait of Hormuz continue to pressure heavy industry and energy-sensitive stocks, leading to a slight weekly decline for the blue-chip index.

The yield on the 10-year Treasury note eased to approximately 4.31% after fresh data indicated that core inflation remains more stable than initially feared. While high energy costs due to Middle Eastern conflicts have pushed headline consumer prices higher, the smaller-than-expected rise in core figures has revived investor hopes for potential Federal Reserve interest rate cuts later this year.

Bitcoin and Ethereum maintained a cautious trading range on April 24, with Bitcoin holding near $78,000 and Ethereum around $2,300. Despite minor daily fluctuations, both major digital assets have posted multi-day gains as investors balance geopolitical risks against long-term bullish sentiments and potential nation-state adoption.

The Internal Revenue Service reported that average tax refunds have increased by 11% to $3,275 following the implementation of new retroactive deductions for 2025. This influx of consumer liquidity, totaling nearly $300 billion so far in 2026, is being closely monitored by analysts for its potential to support retail spending and bolster corporate margins despite macroeconomic headwinds.