Stocks
Microsoft's Enterprise Shift Lifts Dow Amid Ongoing Oil Tensions
The Dow Jones Industrial Average led major indexes higher on Friday, gaining 0.8% as of 12:49 p.m. ET.
Microsoft was the top driver of the market's upward move, with its stock price rising 4.1% and contributing 120 points to the Dow.
The software giant's Copilot app is now a pure enterprise product, following Microsoft's decision to reposition it in this way.
Oil prices dropped after Iran's foreign minister said the Strait of Hormuz could reopen within seven days, but the market remains cautious about the implications of this development.