Chip stocks lead tech rebound as SpaceX, Tesla jump: AlphaCheck

Good morning. Stocks rebounded on Friday, led by a recovery in semiconductors, which were at the center of the AI-driven sell-off in the previous session. The Technology ( XLK ) sector rose as chip giants Nvidia ( NVDA ) and AMD ( AMD ) jumped 7% and 13%, respectively.

Shares of SpaceX ( SPCX ) and Tesla ( TSLA ) also bounced following a steep sell-off fueled by concerns over potential regulatory hurdles for the Elon Musk-led companies as Democrats took control of the House and Senate this week.

The 10-year Treasury ( ^TNX ) yield jumped to 4.87% after a blowout monthly jobs report .

Oil prices rebounded, with Brent crude oil futures ( BZ=F ) remaining steady, trading near $97 per barrel, while WTI ( CL=F ) hovered around $90 per barrel.

Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data .

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: IREN ( IREN ), Airbnb ( ABNB ), and Hims & Hers ( HIMS ) .