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Stocks traded mixed Friday as markets hovered near record highs, with Microsoft gaining ground following news of a for-profit agreement with OpenAI. The Dow Jones Industrial Average fluctuated, while the Nasdaq showed modest gains amid continued investor optimism around artificial intelligence.
The market’s performance comes as investors weigh economic data and corporate earnings.A recent inflation report reinforced expectations for a potential interest rate cut next week, though Treasury yields edged higher Friday morning, with the 10-year note rising to 4.06%. These shifts impact borrowing costs for consumers and businesses alike.
Microsoft shares rose on news of a new agreement with OpenAI that will allow the tech giant to offer a for-profit version of its AI tools. Furniture maker RH saw its stock dip after trimming its sales forecast, citing the impact of tariffs. Warner bros. Finding shares continued to climb, up nearly 10%, following reports that Paramount Skydance was preparing a takeover offer.
commodity markets also saw movement. Gold futures rose 0.4% to $3,685 an ounce, remaining near all-time highs, while West Texas Intermediate crude oil futures increased 1.4% to $63.25 a barrel. bitcoin traded at $115,000,nearing its mid-August peak of over $124,000.the U.S. dollar index was up 0.2% at 97.75.
