Stock futures are little changed after OpenAI's revenue report prompts tech sector turmoil: Live updates - CNBC
Stock markets rebounded on Friday following a volatile week, with tech stocks leading the recovery despite earlier concerns over OpenAI's revenue reports. President Trump's announcement regarding Russian diesel supplies and positive movement in the healthcare sector also contributed to market gains.
Why it matters
The market's sensitivity to AI revenue reports and energy policy highlights the current volatility and interconnectedness of the tech and energy sectors.
Stocks rose on Friday, supported by the tech sector, as traders look to rebound from a volatile week of elevated Treasury yields and oil prices as well as declines in the artificial intelligence trade.
The Nasdaq Composite added 0.64% to end at 27,366.17. The S&P 500 also climbed 0.59% to 7,811.54, while the Dow Jones Industrial Average added 423.31 points, or 0.83%, to close at 51,654.95.
Stocks reached their highs of the day after President Donald Trump said that Russian President Vladimir Putin has agreed to supply diesel to both the U.S. and global markets. Oil prices, which closed marginally higher with West Texas Intermediate crude futures at nearly $92 per barrel and Brent crude futures above $104, were down slightly after the announcement post-settle.
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