Trump to Meet Tech CEOs on AI Safety as Markets Rise

U.S. stock markets rallied on Friday as yields eased and tensions in the Strait of Hormuz continued to subside.

The Dow, S&P 500, and Nasdaq Composite indices all rose by around 0.5% to 1%, with the blue-chip Dow leading the pack at +0.9%.

Meanwhile, President Donald Trump and House Speaker Mike Johnson plan to host top tech CEOs at the White House on Tuesday, September 29, for a meeting on artificial intelligence safety and potential government oversight.

The meeting comes amid growing concerns over AI's destructive potential without proper guardrails, although Trump has dismissed these warnings as a 'hoax' while emphasizing the need for U.S. firms to outpace China in the AI race.

Natural gas prices plummeted 5.5% on Friday after a pipeline leak impact proved brief, reversing Thursday's 9% surge that followed a force majeure on TC Energy's Mountaineer Xpress pipeline.