US Stocks Rise on Friday

US stocks moved higher on Friday, with the S&P 500 gaining 0.4%, the Nasdaq rising 0.6% and the Dow Jones advancing 107 points. The gains were driven by a rebound in technology shares following the previous session’s sell-off. Sentiment was supported by reports that OpenAI expects to reach or exceed $70 billion in annualized revenue by year-end, easing concerns that sales were falling short of earlier projections. Meanwhile, lower oil prices helped alleviate some pressure on the bond market. Consumer discretionary and real estate stocks were also among the strongest performers. On the week, both the Dow and the Nasdaq are little changed while the S&P 500 is up 0.6% so far.