Stock futures fell after the major averages posted back-to-back gains on easing geopolitical fears. Dow Jones Industrial Average futures traded lower by 209 points, or 0.4%. S&P 500 futures and Nasdaq-100 futures each shed 0.2%. Shares of Nvidia and Advanced Micro Devices rose more than 1% and more than 2%, respectively, in early trading. The moves come as people familiar with the matter told CNBC that Nvidia CEO Jensen Huang is planning to visit China in the coming days. Intel shares, in contrast, tumbled 11% after the chipmaker reported a disappointing first-quarter outlook. The major averages rallied for a second session as investors were appeased by news of easing trade tensions and geopolitical risk. The Dow Jones Industrial Average advanced more than 300 points, or 0.6%. The S&P 500 added roughly 0.6%, and the tech-heavy Nasdaq Composite rose 0.9%. The small-cap Russell 2000 closed at a record. Stocks began their rebound on Wednesday after President Donald Trump called off his threatened tariffs on the imports of eight European nations, set to start Feb.1. The president’s move came after Trump announced that he and NATO Secretary General Mark Rutte reached a “framework of a future deal with respect to Greenland.” Trump had also told CNBC on Wednesday that “we have a concept of a deal” with the Arctic island. To be sure, Greenland Prime Minister Jens-Frederik Nielsen said on Thursday he doesn’t know what’s in the “framework” deal that Trump announced, and stressed that any such deal must respect Greenland’s sovereignty and territorial integrity. “Details on the agreement are sparse and the geopolitical spat over the island could resurface, but investors are taking relief from the quick progress towards a deal following significant market turbulence at the start of the week,” said James McCann, senior economist at Edward Jones. He also pointed to the recent surge in gold prices. Gold futures settled at another record on Thursday. “Interestingly, while risk assets are rebounding, gold is holding onto most its gain over recent days, continuing a strong run for this precious metal amid increasing bouts of geopolitical uncertainty, concerns over the long-term trajectory of the U.S public finances and increasing political pressure on the Federal Reserve,” McCann added. Gains on Wednesday and Thursday erased the Dow’s losses from earlier in the week. The 30-stock Dow is up less than 0.1% on the week. However, the S&P 500 and Nasdaq are on track for their second negative week in a row, down 0.4% and 0.3%, respectively. Treasury yields were lower to end the week as investors weighed the state of the U.S. economy and fears eased around trade and geopolitics. The 10-year Treasury yield was down more than 2 basis points at 4.229%, while the 30-year Treasury yield fell more than 3 basis points to 4.818% The 2-year Treasury note yield dropped less than a basis point to 3.605%. Asia-Pacific markets rose Friday, tracking Wall Street gains as geopolitical concerns eased and investors assessed Bank of Japan’s decision to keep interest rates steady. Japan’s Nikkei 225 was 0.29% higher, closing at 53,846.87 while the Topix added 0.37% to 3,629.7. South Korea’s Kospi rose 0.76% to 4,990.07, while the small-cap Kosdaq was up 2.43% to 993.93. Hong Kong Hang Seng Index added 0.41%, while the CSI 300 slid 0.45% to 4,702.50. Australia’s S&P/ASX 200 climbed 0.13% to 8,860.1. Oil prices rebounded ‍on Friday after U.S. ‍President Donald Trump renewed threats against Iran, raising concerns of military action that could disrupt crude supplies while there are outages ‌in ‌Kazakhstan. Brent crude futures for March rose ​76 cents, or 1.2%, to $64.82 a barrel by 1026 GMT. U.S. West Texas Intermediate crude was up 75 cents, or 1.3%, at $60.11. Both benchmarks were ⁠set for weekly gains of about 1.1%. Prices had also climbed earlier in the week on U.S. President Donald Trump’s moves on Greenland but dropped by about 2% on Thursday as he backed off tariff threats against Europe and ruled out military action. Spot gold edged lower after nearing the $5,000-an-ounce mark earlier on ⁠Friday, as investors booked profits after prices struck another record driven by the uncertain geopolitical outlook. Silver and platinum ‍also hit all-time peaks. Spot ‍gold was down ‍0.1% at $4,930.44 per ounce after scaling a record $4,967.03 earlier in the day. Prices have risen 14% since the start of this year. U.S. gold futures for ‌February ‌delivery added 0.4% to $4,932.20 per ounce.