S&P 500 and Nasdaq-100 futures rose on Thursday, the last trading day of the week, as traders tried to recover some of the steep losses suffered in the previous session. Futures contracts tied to the broad market index were up 0.4%, while those linked to the tech-heavy Nasdaq-100 advanced 0.7%. Dow Jones Industrial Average futures tumbled 510 points, or 1.3%, driven by a 19% decline in UnitedHealth following an earnings miss. Eli Lilly, on the other hand, jumped 11% in premarket trading after delivering positive trial results for a weight-loss pill. U.S.-listed shares of Taiwan Semiconductor popped 3% on a strong quarterly financial report. Those moves come after a sharp decline on Wednesday, led by tech names. The Dow Jones Industrial Average lost nearly 700 points. The Nasdaq Composite declined more than 3%, bringing the tech-heavy index closer to bear market territory. Chipmaking giant Nvidia led the tech sell-off with a drop of nearly 7% in the previous session. The artificial intelligence darling disclosed a quarterly charge of about $5.5 billion tied to exporting its H20 graphics processing units, or GPUs, to China and other destinations due to U.S. export controls. Shares traded around flat before the bell on Thursday. Stocks also took a hit on Wednesday after Federal Reserve Chair Jerome Powell said Trump’s levies could drive up inflation in the near term and are “likely to move us further away from our goals.” Powell said the central bank may find itself in a “challenging scenario” in which its dual-mandate goals — to achieve maximum employment and stable prices — are in tension. “Despite the fact that Powell said that the dual mandate wasn’t currently in opposition, he clearly touched a nerve with investors, who are now worried that a recession and stagflation is more likely,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management. With that action, the major averages were headed for a losing week. The market is dark on Friday is observance of Good Friday. The Dow and S&P 500 have both slid more than 1% on the week. The Nasdaq has dropped 2.5%. U.S. Treasury yields wavered Thursday as investors weighed the state of the U.S. economy after Federal Reserve Chair Jerome Powell raised concerns about the inflationary and economic growth risks of the White House’s tariffs. The benchmark 10-year Treasury yield rose around 1 basis point to 4.288%. The 2-year Treasury yield was also little changed at 3.786%. Asia-Pacific markets rose Thursday, breaking ranks with Wall Street which declined sharply after U.S. Federal Reserve Chair Jerome Powell cautioned that ongoing trade tensions could challenge the central bank’s goals of controlling inflation and spurring growth. Hong Kong’s Hang Seng Index increased 1.61% to end the day at 21,395.14 while Mainland China’s CSI 300 closed flat at 3,772.22. Indian stocks reversed course from losses in early trade. The benchmark Nifty 50 advanced 1.61% while the broader BSE Sensex surged 1.63% as at 2.15 p.m. Indian Standard Time. Japan’s benchmark Nikkei 225 rose 1.35% to end the day at 34,377.60, while the broader Topix index added 1.29% to 2,530.23. In South Korea, the Kospi index increased 0.94% to close at 2,470.41 while the small-cap Kosdaq climbed 1.81% to 711.75, after the central bank held interest rates at 2.75%, as expected by economists polled by Reuters. Australia’s S&P/ASX 200 ended the day up 0.78% at 7,819.10. Oil prices rose to the highest in two weeks on Thursday after the United States imposed new sanctions to curb Iranian oil exports, elevating supply concerns. Brent crude futures rose 47 cents, or 0.71%, to $66.32 a barrel by 1116 GMT, and U.S. West Texas Intermediate crude was at $63.02 a barrel, up 55 cents, or 0.9%. Both benchmarks settled 2% higher on Wednesday at their highest levels since April 3 and are on track for their first weekly rise in three. Thursday is the last settlement day of the week ahead of the Easter holidays. Gold prices pulled back from a record high on Thursday as investors booked profits following a rally driven by concerns around U.S. President Donald Trump’s latest wave of tariff policies. Spot gold was down 0.6% at $3,321.89 an ounce, as of 1003 GMT, after touching a record $3,357.40 earlier in the session. Bullion has gained 2.7% so far this week. U.S. gold futures fell 0.3% to $3,335.60. “Likely the reversal off fresh all-time highs can be attributed to some profit-taking on the highs. A slightly firmer tone to an otherwise weak U.S. dollar likely took the edge off gold,” said Ross Norman, an independent analyst.