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Stocks rose globally and Treasury yields slipped as continued oil-price declines supported a broader risk-on shift, with AI-linked stocks helping lift Nasdaq futures more than 1% in futures trading.
U.S. stocks rose at midday Friday in a broad-based rally, with the Dow up around 0.5% and the S&P 500 gaining 0.4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites insi