Stocks rose Friday as investors assessed a new quarter of trading and a troublesome bond market recession indicator.
The Dow Jones Industrial Average gained 106 points, or 0.3%. The S&P 500 rose 0.4% and the Nasdaq Composite futures added about 0.5%.
Wall Street is fresh off its first negative quarter in two years, but there were positive signs for investors on Friday. Beaten-down tech stocks were pushing higher in early trading, with chipmaker AMD and streaming company Roku each rising more than 1%.
The price of U.S. benchmark West Texas Intermediate fell below $100 per barrel as the Biden administration pledged to release more strategic oil reserves.
Video game retailer GameStop Corp said on Thursday it would seek shareholder approval for a stock split, aiming to become the latest U.S. company to make it easier for retail investors to own its shares.The firm's shares jumped 10% in morning trading.