Global markets staged a rebound on Friday as technology stocks recovered from a sharp selloff triggered by concerns over artificial intelligence growth, while easing energy tensions provided additional support.
U.S. stock futures rose after a report that OpenAI’s annualized revenue fell $20 billion short of earlier estimates sent the Nasdaq down 1.25 percent on Thursday, dragging down chipmakers and cloud giants . On Friday, Wall Street closed higher, with the Dow Jones up 0.83 percent, the S&P 500 gaining 0.59 percent, and the Nasdaq rising 0.64 percent, as software firms like Palo Alto Networks and CrowdStrike led the recovery .
European indices also trimmed losses, with the Brussels Bel20 regaining over 1 percent after a steep decline the previous day . Spain’s Ibex 35 reclaimed 19,000 points, helped by easing oil prices after U.S. officials ruled out further strikes on Iran .
The rebound followed a volatile week in which energy shocks and AI-related uncertainty roiled markets. Brent crude had spiked to $110 per barrel in late September amid Middle East tensions, but prices pulled back toward $100 by month’s end .
