Dow Jones Faces Volatility Ahead of Monday's Open Amid Oil Price Surge and Fed Rate Hikes

The Dow Jones Industrial Average closed Friday at 51,682.64, down 0.18% for the session and 1.69% for the week.

As the market prepares to open on Monday, investors are bracing themselves for a potentially volatile day driven by factors such as high oil prices, U.S. Treasury yields nearing 5%, and the Federal Reserve's interest rate hikes.

Nvidia's recent earnings have been in focus, with the tech giant reporting $96.22 billion in revenue and predicting a 70% revenue growth for the following fiscal year.