Good morning. Stocks bounced on Friday as oil prices eased on hopes of a potential deal to open the Strait of Hormuz.
The move higher follows a much-anticipated dinner between President Trump, Chinese leader Xi Jinping, and a list of tech titans, including Nvidia’s (NVDA) Jensen Huang, AMD’s (AMD) Lisa Su, and Tesla’s (TSLA) Elon Musk.
The 10-year Treasury yield (^TNX) climbed to 5.17%, while Brent crude futures (BZ=F) fell to near $98 per barrel. The US dollar index (DX-Y.NYB) eased, giving support to equities.
Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Sector action on Friday, Sept 25.
The Technology sector (XLK) gained, with Microsoft (MSFT) stock popping roughly 3%.
Meta (META) stock declined 2% after a 16% rally over the past four days, sparked by enthusiasm over the company’s new Muse AI agent.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Costco (COST), Greenland Energy (GLND), and Moderna (MRNA).
Ines Ferre is a Senior Business Reporter for Yahoo Finance covering the US stock market, publicly traded companies, and commodities.
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