Wall Street snur opp med comeback for tekgiganter

Stock market shows signs of recovery on Friday afternoon, following a fall on Thursday. US markets, including those in Europe such as Oslo, are up. Oil prices have also dropped to around $103.3 per barrel for the day. Donald Trump's statements that the US will not attack Iran before the November mid-term elections contribute to the decline.

However, oil prices remain at unusually high levels. Companies like Elon Musk's SpaceX are among those that are gaining value. SpaceX announced on Thursday that it has purchased low-band spectrum, which could turn the company into a "major mobile operator" in the US. However, major mobile operators such as AT&T, T-Mobile, and Verizon Communications have fallen sharply.

Tech giants like Nvidia, Google, Facebook, and Microsoft are all up in early trading. Chris Weston, chief analyst at Pepperstone, told Reuters that strong results, positive future outlooks, and signs of ongoing demand for artificial intelligence could quickly restore investors' confidence in the market and lead to new record highs.

However, for now, the price movements suggest that investors are becoming more selective about where they invest and how much they are willing to pay for future growth. Gold and Bitcoin prices are also rising towards the end of the week.