Finance

The tech-heavy Nasdaq Composite led the major averages with a 1.2% daily advance, hitting an intraday record high and securing a positive weekly return. Large-cap technology firms and semiconductor manufacturers experienced strong buying interest, which successfully insulated the tech sector from the broader weekly losses felt by the Dow Jones Industrial Average and the S&P 500.

Crude oil futures fell by over 1.5% for the week following a coordinated agreement by G7 and European leaders to release 100 million barrels of crude and diesel from emergency reserves. This strategic release aimed to stabilize global energy infrastructure amid persistent geopolitical conflicts in the Middle East. The drop in energy prices subsequently eased pressure on the bond market and offered an additional tailwind for consumer-focused stocks.

Government bond yields experienced highly volatile trading sessions, ultimately sliding downward after the soft monthly employment numbers were published. Prior to the release, the 10-year U.S. Treasury yield had marched upward to reach multi-decade highs, matching levels not witnessed since 2002. The cooling labor data successfully cooled fixed-income yields, driving equity markets into a risk-on posture.