S&P 500 Reaches Record Highs as Treasury Yields Fall and Brent Crude Rises

The S&P 500 closed at a record high, marking its best week since April, driven by soft hiring data that reduced expectations for immediate Federal Reserve rate hikes. Concurrently, the dollar retreated, and 10-year U.S. Treasury yields fell to 4.64%. Brent crude prices traded above $84 per barrel, increasing over 5% in three sessions, amid ongoing uncertainties in Iran-Oman talks regarding the Strait of Hormuz.