Stocks rise as global markets open higher, set to end a choppy week in the green

Markets opened higher Friday morning across the ￰0￱ Europe, aiming to close out a rocky week on a more stable note, according to data from ￰1￱ returned with steady hands after inflation jitters, gold’s worst slump in nearly a year, oil shocks from new Russian sanctions, and brutal corporate layoffs all hammered sentiment earlier in the ￰2￱ futures slipped by just 18 points overnight. That’s a 0.04% dip, barely a wobble. S&P 500 futures rose 0.06%, and Nasdaq 100 futures edged up nearly 0.2%. Wall Street clearly didn’t want to make any bold decisions before Friday’s ￰3￱ print, but momentum is starting to build behind the bulls ￰4￱ recovers as Intel jumps and metals try to recover Intel led the after-hours action Thursday with a 7% ￰5￱ company’s third-quarter sales came in stronger than expected, and that alone was enough to drag attention back into big tech.

Meanwhile, Target gained slightly after confirming it would cut 8% of its corporate workforce. That’s its first major round of layoffs in 10 ￰6￱ Materials and Rivian joined the growing list of ￰7￱ tightening headcount this ￰8￱ fanfare, just cold ￰9￱ three major ￰10￱ had ended Thursday in the ￰11￱ Dow Jones finished the session 144 points higher, or 0.3%. The S&P 500 climbed 0.6%, and the Nasdaq Composite outperformed with a 0.9% ￰12￱ helped wipe out Wednesday’s losses and pushed the indexes toward solid weekly ￰13￱ S&P 500 was up 1.1% for the ￰14￱ Nasdaq and Dow both showed 1.2% weekly gains going into Friday’s ￰15￱ poured into tech again, with Nvidia and Oracle grabbing strong inflows as earnings season ramps ￰16￱ prices dropped again Friday ￰17￱ gold was down 0.9% to $4,086.46 an ounce by press time, and on pace for a 3.8% weekly loss, the biggest since November ￰18￱ futures due in December also fell, dropping 1.1% to $4,101.80.

Copper is heading toward a new test of $11,000 a ton, closing in on a record set last year, on concerns about supplies following a spate of mine mishaps at a time of broad optimism over ￰19￱ three-month futures rose more than 1% to approach $10,970 a ton in intraday trade in ￰20￱ other base metals, aluminum traded at the highest level in more than three years, while zinc and tin also advanced in Friday’s ￰21￱ traded 0.6% higher at $10,919.50 a ton at press time, while aluminum gained to $2,883.50 a ton, the highest since May 2022, with the lightweight metal on track for a fourth weekly gain. Meanwhile, a rising dollar is doing ￰22￱ dollar index gained for the third straight session, up 0.37% for the week and sitting at ￰23￱ strength hit other currencies ￰24￱ euro slipped 0.11% to $1.1606, down 0.4% on the ￰25￱ held flat at $1.3322, but still looked at a 0.9% decline since ￰26￱ pan-European Stoxx 600 rose 0.3% at the ￰27￱ FTSE 100, DAX 40, and CAC 40 all gained around 0.1% in early trading.

Italy’s FTSE MIB moved up 0.3%, keeping pace with Wall ￰28￱ sectors were green, with earnings pouring in and traders cautiously stepping back ￰29￱ with ￰30￱ now hitting Rosneft and Lukoil, traders began pricing in disruptions, so the Brent crude s trading just under $66 a barrel, up 7%, the highest since ￰31￱ Texas Intermediate traded just below $62. Sign up to Bybit and start trading with $30,050 in welcome gifts