Good morning. The major averages were poised to end a two-day losing streak Friday, as chip stocks gained and concern over AI trading eased.
Long-term bonds climbed further and Brent crude oil futures (BZ=F) traded near $103 a barrel, while WTI (CL=F) remained below $92 after President Trump said the United States would not attack Iran before the midterms.
The yield on the 10-year Treasury (^TNX) fell to 5.24% as the bond market appeared to stabilize.
Learn more: How Surging Treasury Yields Could Affect Your Finances
Here’s a check of the markets during the first few minutes of trading, based on a heatmap powered by Yahoo Finance AlphaSpace data.
The Technology sector (XLK) rebounded after Bloomberg reported that AI developer OpenAI (OPAI.PVT) expects its annualized revenue to reach or exceed $70 billion by the end of 2026, easing concerns of lagging revenue growth.
AI chip giant Nvidia (NVDA) rose slightly, while memory makers Micron (MU) and SK Hynix (SKHY) also rebounded.
Bitcoin (BTC-USD) remained below $83,000 per token.
Here are some other notable stocks Yahoo Finance readers are checking out this morning: Delta (DLTA), SpaceX (SPCX), Verizon (VZ), and AT&T (T).
Click here for the latest stock news and in-depth analysis, including the events that move stocks.
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