
Bitcoin Climbs Above $64,000, Tracking Tech Stock Rally
The world's largest cryptocurrency rose above $64,000 and is set for a weekly gain, as a rally in technology stocks boosted investor risk appetite despite ongoing geopolitical tensions.

The world's largest cryptocurrency rose above $64,000 and is set for a weekly gain, as a rally in technology stocks boosted investor risk appetite despite ongoing geopolitical tensions.

Investment bank Jefferies reports that recent geopolitical tensions involving Iran have created a sharp divergence in European energy stocks, leaving several large-cap and service companies 'oversold' despite strong fundamentals.

A Morgan Stanley analysis of over 17,000 corporate earnings calls shows a growing number of U.S. firms are citing measurable revenue growth and cost savings from AI, easing investor concerns about returns on technology spending.

According to Morgan Stanley, Nvidia's future growth relies on expanding its customer base beyond major cloud providers to include enterprise, sovereign, and industrial clients. The investment bank reiterated its 'Overweight' rating, citing the chipmaker's diversifying demand and dominant market position.

According to Morgan Stanley, Nvidia's future growth depends on diversifying its customer base beyond major cloud providers to include enterprise, sovereign, and industrial clients. The bank reiterated its 'Overweight' rating after meeting with the chipmaker's management.

Wall Street analysts issued several key upgrades this week, citing attractive entry points in beaten-down stocks like First Solar and Five Below, and pointing to strengthening fundamentals at T-Mobile and Occidental Petroleum.

While major legislation is unlikely ahead of the midterm elections, investors should monitor key developments in trade, regulation, and geopolitics that could impact markets in the second half of 2026, according to Wolfe Research.

Crude oil benchmarks are set for weekly gains of 5-6% as military strikes between the U.S. and Iran raise supply risks, though concerns over global inflation and mixed economic data are capping the rally.

European natural gas futures declined on Friday after shipping data confirmed that LNG tankers from Qatar are still navigating the Strait of Hormuz, easing immediate supply fears amid heightened Middle East tensions.