Meanwhile: Another day, more tech drama. OpenAI said Sam Altman will return as chief executive of the artificial-intelligence startup, ending a standoff that began when the board fired him last week. Nvidia shares slipped a day after it reported blockbuster sales of chips used in AI.
Stocks rose. The S&P 500, Dow industrials and Nasdaq Composite all gained ground. All three indexes were up for the week so far.
Some shares fell on earnings reports. Autodesk and Deere sank as investors reacted to their latest numbers.
Treasury yields fell for a fifth straight day. Ten-year yields edged lower, settling at 4.415% from 4.417% late Tuesday.
Crude-oil futures fell. A weekend meeting of the OPEC cartel was postponed. Energy stocks also lost ground. Benchmark U.S. crude fell 0.9% to just above $77 a barrel.
Bitcoin edged higher. The cryptocurrency traded above $37,000, rising over the last 24 hours according to CoinDesk. Binance Coin, the exchange’s native token, fell.
Overseas stocks finished mixed. The Stoxx Europe 600 and Japan’s Nikkei 225 edged higher. China’s Shanghai Composite Index slipped.