Finance

The tech-heavy Nasdaq recorded its fourth consecutive weekly gain, managing to recover from a steep mid-week sell-off. Tech shares faced pressure earlier after reports suggested OpenAI's annualized revenue missed previous projections, but market jitters dissipated as investors reassessed the broader artificial intelligence outlook. However, minor headwinds remained as an Nvidia-backed cloud firm canceled a highly anticipated international public offering.

Crude oil prices experienced volatile swings during the week, driven by escalating geopolitical tensions in the Middle East. Prices briefly eased after the White House indicated that military attacks on Iran would not be executed prior to next month's midterm elections. Even with this temporary stabilization, energy costs remain elevated with Brent crude hovering above $100 a barrel and West Texas Intermediate settling near $91.

U.S. government bond yields edged down from historic peaks reached earlier in the week following strong demand at recent auctions. The benchmark 10-year Treasury yield hovered around 5.24% after previously hitting its highest levels in 24 years. Despite the modest cooling, borrowing costs remain structurally elevated as the Federal Reserve hints at potential additional rate hikes before the end of the year.