- The technology sector fueled a rise in stocks, while bonds accounted for the majority of a recent rally as investors assessed economic threats and reduced expectations for inflation and interest-rate hikes.
- An Asian equity index rose for a second day, helped by Chinese technology shares, while S&P 500 futures and European contracts rose. US stocks closed near session highs on Thursday, up more than 3% in three days.
- Australian debt rose, while treasuries pared gains. The policy-sensitive two-year yield in the United States is on track for one of its biggest weekly drops since March 2020. The dollar remained stable, while the yen strengthened.
- The price of oil has remained stable at around $104 per barrel. In a sign of economic anxiety, a commodity index has fallen to its lowest level since February.
