Microsoft Surges, Oil Prices Dip Amid Ongoing Market Tensions

The Dow Jones Industrial Average led the major indexes higher on Friday, with Microsoft's 4.1% surge contributing significantly to the gain.

The tech giant's decision to reposition Copilot as a pure enterprise product resulted in Microsoft adding 120 points to the Dow, while its competitors Meta Platforms dropped 3.6% after unveiling plans to integrate its Muse agent into AI glasses.

In other developments, oil prices dipped following Iran's foreign minister announcing that the Strait of Hormuz could reopen within seven days, but investors were cautious about the prospect of a deal being reached.