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Good morning. Stocks rebounded on Friday, led by a recovery in semiconductor shares, which were at the center of the AI-driven selloff 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 selloff 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) remained steady, trading near $97 per barrel, while WTI (CL=F) hovered $90 per barrel.
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