The 10-year U.S. government bond yield stood at 4.38%, while oil (CM:CL) fell 3.75% to $70.07 after traffic through the Strait of Hormuz resumed and supply fears eased. Gold (CM:XAUUSD) rose 1.56% to $4,083.50, while Bitcoin (BTC-USD) gained 0.28% to $59,923.97.
AI Jitters Hit Tech, While Healthcare Gains
The biggest market story of the week was a pullback in technology shares. OpenAI launched GPT-5.6, a new AI model suite with stronger coding, cybersecurity, and biology features, but the release came under limited preview and close U.S. government oversight. That kept AI regulation and commercialization risk in focus for investors.
The pressure spread across large technology names as the S&P 500 and Nasdaq snapped two-week winning streaks. Investors also reacted to concerns over possible delays to OpenAI’s IPO and fresh worries that interest rates could rise again this year.
Minneapolis Federal Reserve President Neel Kashkari added to those concerns after signaling that one rate hike could still come in 2026. He pointed to sticky inflation tied to energy prices and AI infrastructure spending, keeping borrowing costs near the center of the market debate.
