From Bloomberg

• "Equity markets took a breather at the end of an up-and-down week dominated by speculation about the sustainability of the blistering global equity rally.

• Contracts on the S&P 500 were steady, with the gauge on track for a modest weekly gain after it closed at record highs twice before pulling back the next day. Intel Corp. rose in premarket trading after the US government-backed chipmaker introduced new products. Qualcomm Inc. declined as China started an antitrust probe into its acquisition of a connected-vehicle technology firm. 

• Crude oil fell for a second day as a deal to end the war in Gaza took shape. The dollar slipped after a four-day rally, while Treasury yields ticked lower. Gold clawed back some of Thursday’s sharp losses to trade around $4,000.

• Global stocks have rebounded more than 30% from their April lows, leading investors to reassess stretched valuations in the tech sector against the backdrop of easier Federal Reserve policy and a resilient economy. Traders are looking to the upcoming earnings season to gauge whether share prices have run ahead of fundamentals.

• “Dips in the equity complex should still be viewed as buying opportunities, with the path of least resistance continuing to lead higher amid resilient underlying economic growth, robust earnings growth, and a looser Fed policy backdrop,” said Michael Brown, senior research strategist at Pepperstone Group Ltd."