U.S. stock futures edged higher Friday, led by tech, following a losing session in which an underwhelming revenue report from OpenAI took some steam out of the high-flying artificial intelligence trade. Nasdaq-100 futures added 0.7%. S&P 500 futures climbed 0.4%, while Dow Jones Industrial Average futures advanced 56 points, or 0.1%. The State Street Technology Select Sector SPDR ETF (XLK) traded 1% higher. Tech shares broadly were led by a 3% gain in SpaceX. The Elon Musk-led space and satellite company rose on a deal to buy a nationwide spectrum portfolio. Shares of AT&T, Verizon, and T-Mobile slid as investors wondered if the agreement could drive up competition. Other tech names that advanced on Friday include Lumentum and KLA, which gained 6% and 2%, respectively. AI stocks dropped on Thursday after CNBC confirmed that OpenAI told investors that it saw $50 billion in annualized revenue at the end of September. Last month, a $68 billion figure was widely reported, though a person familiar with the matter said it also included gross revenue from partners. The Nasdaq Composite dropped more than 1%, marking its biggest one-day loss since mid-August. Thursday marked the second down day in a row for the tech-heavy index after it climbed to fresh all-time records earlier in the week. “The sell-off reflected extreme positioning imbalances that have further to unwind in our view, which is why the whole AI-linked tech stock complex is unlikely to simply stage a sharp, V-shaped rebound,” wrote Adam Crisafulli of Vital Knowledge. “When it comes to AI, the main issue isn’t the gross vs. net issue with [annualized recurring revenue] but instead 1) the fact that the standalone frontier labs are increasingly unattractive businesses … and 2) growing signs that markets are pushing back on the tidal wave of AI-linked debt and equity being thrown at them,” he added. The Dow and Nasdaq Composite are both around flat week-to-date. The broad S&P 500 is on track for a gain of 0.6% for the week. Treasury yields steadied early Friday as traders assessed President Donald Trump’s pledge to not attack Iran until after the midterm elections. Yields on 10-year U.S. Treasuries—the main benchmark for mortgages, auto loans, and credit card debt—were holding firm at 5.2399%. The yield on longer-dated 30-year U.S. Treasuries—which tend to move on geopolitical events—was also unchanged at 5.6139%. The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was more than 2 basis points higher at 4.7827%. Asia-Pacific markets closed mostly higher Friday. Mainland China’s CSI 300 advanced 0.16% to 4,317.26, while Hong Kong’s Hang Seng index was up 1.4% in its last hour of trade. Japan’s Nikkei 225 was little changed at 69,030.92, while the Topix rose 0.33% to 4,104.81. Australia’s S&P/ASX 200 added 0.64% to 8,716.6. South Korean markets were closed for a holiday. Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month, amid productive talks to end their war that has disrupted the market. Brent crude futures dropped $1.68, or 1.61%, to $102.6 a barrel by 0819 GMT. US West Texas Intermediate (WTI) crude futures fell $1.31, or 1.43%, to $90.18. On a weekly basis, Brent prices are set to rise after settling 4% higher on Thursday, while WTI is set for a slight decline. Gold advanced more than 1% on Friday on a ​combination of cooling oil ​prices and a ​softer U.S. dollar, with markets weighing the likelihood of further Federal Reserve interest-rate hikes. Spot gold rose 1.4% to $4,189.99, heading for a weekly gain. U.S. gold futures for ⁠December ‌delivery also added 1.4%, trading at $4,215.30 per ounce.