Finance

Large-cap technology and semiconductor shares recovered from a steep mid-week sell-off triggered by concerns over artificial intelligence growth. Fresh reports indicating OpenAI could reach $70 billion or more in annualized revenue by the end of the year helped stabilize broader market risk appetite.

Long-term U.S. bond yields hovered near historic 24-year highs, with the 10-year Treasury yield closing around 5.23%. While a strong note auction provided brief relief earlier in the week, persistent inflation worries continue to place upward pressure on the fixed-income market.

Energy markets saw West Texas Intermediate crude futures settling above $91 a barrel and international benchmark Brent crude maintaining its position over $100 a barrel. Prices stabilized slightly toward the end of the week after threats of near-term military escalation between the U.S. and Iran temporarily subsided.