US Stocks Rally as Dow S&P 500 and Nasdaq End Volatile Week

US stocks climbed on Friday as the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite recovered from a volatile week, with oil prices easing and technology shares rebounding ahead of the next earnings season. The rally followed concerns over AI valuations and higher Treasury yields.

According to Yahoo Finance, the Dow rose 0.8%, the S&P 500 gained 0.6%, and the Nasdaq added 0.6%. CNBC reported the Dow closed 423.31 points higher at 51,654.95, while the S&P 500 ended at 7,811.54 and the Nasdaq finished at 27,366.17.

All three major indexes recorded weekly gains, with CNBC reporting the Dow advanced 0.9%, the Nasdaq rose 0.6%, and the S&P 500 increased about 1.2% during the five-day period. The moves came after elevated Treasury yields and AI-related stock declines pressured markets earlier in the week.

President Donald Trump said Friday that Russia would supply diesel to US and global markets after discussions with Russian President Vladimir Putin.

"I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace," said President Donald Trump.

Trump said additional deliveries would include 500,000 tons in November and 1 million tons afterward, according to CNBC.

"another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter." said President Donald Trump.

Trump also linked the diesel supply announcement to efforts to reduce fuel prices, which had been affected by global supply constraints.

"Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!" said President Donald Trump.

Brent crude futures traded around $104 per barrel, while West Texas Intermediate futures closed near $92 per barrel, according to CNBC. The University of Michigan consumer sentiment survey showed confidence fell to a five-month low as fuel costs continued to affect households.

Technology stocks recovered after an AI-related sell-off on Thursday. CNBC reported software companies advanced, including Palo Alto Networks, CrowdStrike and Palantir Technologies, while Microsoft and Amazon also gained.

Adam Crisafulli of Vital Knowledge said the AI-linked market decline reflected broader positioning concerns.

"The sell-off reflected extreme positioning imbalances that have further to unwind in our view, which is why the whole AI-linked tech stock complex is unlikely to simply stage a sharp, V-shaped rebound," said Adam Crisafulli of Vital Knowledge.

Crisafulli added that investors were also evaluating business models and financing trends among AI companies.

"When it comes to AI, the main issue isn't the gross vs. net issue with [annualized recurring revenue] but instead: 1) the fact that the standalone frontier labs are increasingly unattractive businesses ... and 2) growing signs that markets are pushing back on the tidal wave of AI-linked debt and equity being thrown at them," said Adam Crisafulli of Vital Knowledge.

Michael Monaghan of Founder ETFs remained positive on equities through year-end because of expected company expansion.

"big growth" said Michael Monaghan of Founder ETFs.

Monaghan said geopolitical risks, including the Middle East conflict and possible effects on oil markets, remained a factor for investors.

"one thing holding this market back from really reflecting how powerful the near-term earnings story is." said Michael Monaghan of Founder ETFs.

"A more violent, more kinetic, more border-expanding war is not priced into the market." said Michael Monaghan of Founder ETFs. Major banks and other companies are scheduled to report earnings as the season begins the following week.