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Stocks opened higher on Friday as the Nasdaq Composite finally seemed poised to snap its three-day skid.
The tech-heavy index rose 0.6%. The S&P 500 rose 0.9%. The Dow Jones Industrial Average gained 780 points, or 1.6%.
The yield on the 2-year Treasury note was up to 3.48%. The 10-year yield was up to 4.2%.
The rest of the market joined technology stocks lower on Thursday.
“It has been a scary two weeks,” writes Andrew Brenner, head of international fixed income at NatAlliance Securities. “While we are higher today, the fears are growing… We would not discount a correction between now and the middle of March… Sentiment remains bullish… But when AMD reports a beat and they are down 15%, something is not right.”
Though Amazon.com was down sharply after earnings, the Nasdaq was still up on the day.
The January nonfarm payrolls report was pushed back to Feb. 11, but Wall Street will get a look at the University of Michigan’s survey of consumers at 10 a.m. ET.
