Nasdaq futures indicated a mixed opening on the concluding day of the trading week, with Intel propelling technology shares upward. In the interim, oil prices have experienced an upward trajectory as the crucial Strait of Hormuz shipping channel remains effectively closed. Nasdaq 100 futures indicated an increase of 0.8%, while Dow Jones Industrial Average futures showed a decline of 0.3%, and S&P 500 futures remained relatively stable in recent trading. Intel shares soared 28% in premarket trading Friday, suggesting a jump to record highs—and above a high-water mark set in 2000—after the company reported better-than-expected quarterly results and issued a rosy outlook on AI-driven demand.

Yesterday, major stock indexes experienced a decline, with the S&P 500 and Nasdaq reaching record highs before reversing course, as software shares faced a downturn, primarily driven by a nearly 18% pullback in ServiceNow stock. The blue-chip Dow, benchmark S&P 500, and tech-heavy Nasdaq concluded Friday with respective declines of 0.3%, 0.2%, and 0.1% for the week. The indexes have experienced an increase for three consecutive weeks after enduring five weeks of declines. Oil prices have experienced an increase this week due to ongoing tensions between the U.S. and Iran concerning the Strait of Hormuz, with further gains noted on Friday as the U.S. blockade continues to be enforced.

West Texas Intermediate futures, the U.S. crude oil benchmark, increased by 1.7% to $97.50 a barrel, whereas front-month Brent crude futures, the global benchmark, saw a rise of 2% to $107.25. Shares of the Magnificent Seven tech giants exhibited a mixed performance prior to the market opening on Friday, following a day where most concluded lower, with Microsoft experiencing a notable 4% decline. Consumer goods giant Procter & Gamble was among the companies scheduled to report earnings before the market opened.

Bitcoin experienced a minor retracement to $77,600, down from overnight peaks of approximately $78,600. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, increased by 0.2% to 98.82. The 10-year Treasury yield, a key determinant of interest rates on mortgages and various consumer loans, increased to approximately 4.34%, up from Thursday’s closing figure of around 4.33%. Gold futures declined by 0.6%, trading at approximately $4,700 per ounce.