Stocks took a hit on Friday as investors rotated out of the Artificial Intelligence trade, causing major indices to drop. Oracle’s missed expectations signaled trouble for the AI/Data Center trade. Futures are trading higher on Monday as volatility is expected to continue into the end of the year.

Yields were mixed on Friday as investors bought shorter maturities while selling mid-to long-dated bonds. The steeper curve reflected the Fed’s rate cut decision and strong labor market data, pushing yields higher. The 30-year long bond closed trading at 4.85% while the 10-year note was at 4.19%.

Energy prices fell on Friday due to concerns of a global supply surplus, a market sell-off, and rising U.S. Treasury yields. Brent Crude closed at $61.12, WTI at $57.44, and Natural gas at $4.11. Gold continued its upward trend, closing at $4,298 due to Fed rate cut expectations and geopolitical risks.

Cryptocurrency trading saw Bitcoin bounce back above $92,000 influenced by Federal Reserve rate cuts, while Ethereum also gained. Mixed signals and indecision led to gains being surrendered over the weekend. Bitcoin was at $89,530 and Ethereum at $3,141 on Monday morning.

Wall Street analysts upgraded Ashland Inc., Bristol-Myers Squibb, KLA Corp., Las Vegas Sands Corp., Marriott International Inc., McCormick & Co., and Teradyne Inc. Some downgrades included Keurig Dr. Pepper, LyondellBasell Industries, ServiceNow Inc., Texas Instruments Inc., Zoetis Inc., and new initiations for Armour Residential REIT Inc., DBV Technologies SA, GE Vernova Inc., Honeywell International Inc., and Klaviyo Inc.

Read more at Yahoo Finance: Bristol-Myers Squibb, GE Vernova, KLA Corp., Klaviyo, Las Vegas Sands, ServiceNow, and More