Equities rise at open, led by materials and financials, as BTC and commodities rally offset weekly losses.
US stocks opened higher Friday, reversing earlier weekly losses as a rally in bitcoin and commodities buoyed sentiment. The S&P 500 and Nasdaq traded in positive territory, though weekly declines remained in focus following recent bond market volatility.
Basic Materials led sector gains, supported by rising copper and gold prices, while Financials advanced on strength in crypto-linked stocks like Robinhood and Coinbase. Utilities lagged as defensive names underperformed. Prior sessions had seen mixed performance amid shifting rate expectations.
Notable movers included MicroStrategy, SK Hynix, and Freeport-McMoRan, reflecting investor interest in tech and commodity-exposed equities.