Stock futures rose on Friday, positioning the market for a positive end to a volatile week that saw investors disappointed over tech stocks and fearing a cryptocurrency collapse. Dow Jones Industrial Average futures advanced 223 points, or 0.5%. S&P 500 futures added 0.5%, while Nasdaq 100 futures traded up 0.6%. The gains came even as Amazon shares sank 8% after the ecommerce giant posted earnings per share slightly under analyst expectations and told investors to expect $200 billion in capital expenditures this year. On the other hand, Reddit popped 7% after the social media platform announced an earnings beat, strong guidance and a stock buyback program. Despite the issues with Amazon, other tech shares popped: Nvidia rose 3%, and Microsoft moved higher by more than 1% after both companies saw close to double-digit percentage drops this week. Bitcoin tumbled 16% overnight, briefly sinking below $61,000. However, the crypto leader recouped some losses Friday, adding 5% to climb back above $67,000. The action followed a rough day on Wall Street, with the market once again bogged down by technology stocks. The tech-focused Nasdaq Composite sank roughly 1.6%, hampered in particular by Qualcomm’s 8.5% post-earnings drop. Software stocks continued sliding, with the iShares Expanded Tech-Software Sector ETF (IGV) losing another 5%. The software sector fund has dropped more than 11% this week, on track for its biggest weekly decline since 2008 amid mounting concerns over the threat artificial intelligence poses to the sector. “The reassessment of AI sentiment does not materially alter our constructive view on the fundamentals of the Big Tech companies at the center of the AI capex cycle,” said Barclays equity strategist Venu Krishna. “Their valuations remain compelling, and we continue to see their earnings profiles as resilient even as the market temporarily steps back from AI‑driven narratives.” The Dow and S&P 500 each shed 1.2% in Thursday’s session, bringing the latter into the red for 2026 alongside the Nasdaq. The Dow is sitting around flat for the week, while the S&P 500 and Nasdaq have slid roughly 2% and 4% respectively. The Nasdaq is on track for its worst week since the tariff-induced market rout seen in early April. The stock market slid alongside other asset classes, signaling a broader risk-off sentiment among traders. The sell-off on silver — a volatile trade that’s become popular among retail investors recently — resumed on Thursday. On Friday, silver futures prices extended their losses, while spot silver climbed. U.S. Treasury yields were relatively unchanged on Friday as investors continued to assess the state of the American economy. The 10-year Treasury yield was down less than 1 basis point at 4.202%, as was the 30-year Treasury yield at 4.858%. The 2-year Treasury note yield also fell less than a basis point to 3.477%. Asia markets mostly saw a weak session Friday, after a tech-led rout on Wall Street. South Korea’s Kospi plunged as much as 5% at one point, but the index pared losses and was last down 1.44% to 5,089.14; the small-cap Kosdaq was down 2.49% and closed at 1,080.77. Australia’s S&P/ASX 200 led losses in the region, falling 2.03% and ending at 8,708.8, its lowest level in almost a month. Hong Kong’s Hang Seng Index was down 1.1% in its final hour of trade, while mainland China’s CSI 300 retreated 0.57% to end at 4,643.6. ln contrast, Japan’s Nikkei 225 reversed losses to gain 0.81% and finish at 54,253.68, while the broad-based Topix was up 1.28% to reach a new record high of 3,699. Oil prices held steady on Friday as investors awaited news from high-stakes talks between the United States and Iran that are taking place in Oman amid fears of another supply-disrupting Middle East conflict. Brent crude futures dropped 3 cents, or 0.06%, to $67.51 a barrel after settling 2.75% lower in the previous session. U.S. West Texas Intermediate crude was at $63.22 a barrel, down 7 cents or 0.11%, after closing 2.84% lower on Thursday. Brent was set to end the week 4.6% down. WTI was on track to end the week 3.2% lower. Gold prices gained on Friday, rebounding from a sharp selloff in the previous session, as global equities fell and U.S.-Iran tensions lingered, while the CME Group raised margins on precious metals to counter risk. Spot gold rose 2.6% to $4,893.59 per ounce, and U.S. gold futures for April delivery gained 0.5% to $4,914.10 per ounce. “I do see a bit of a safe-haven investment coming in, but bear in mind that there is still some caution after last Friday’s selloff… we still have this fear about Iran-U.S. tension that is still intact,” said Kelvin Wong, a senior market analyst at OANDA. Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty. Spot silver was up 4.4% at $74.37 an ounce on the day after falling below the $65 per ounce level during early Asia trading. Gold was up 0.3% for the week, while silver was down more than 12% after shedding 18% last week, its biggest weekly fall since 2011.
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