US stocks rose on Friday, led by tech, aiming for back-to-back gains after a volatile week. The Nasdaq Composite climbed 0.5%, S&P 500 added 0.3%, and the Dow rose 0.2%. TSMC and Nvidia are set for more gains on a US-Taiwan trade deal promising a $250 billion boost to American chip and tech manufacturing.

PNC and Regions Financial are in focus after upbeat earnings reports from Wall Street majors. State Street reported strong quarterly results but fell in premarket trading due to a repositioning charge. TSMC’s shares surged following a strong quarterly report that revived AI enthusiasm.

Wall Street regroups after a turbulent week marked by escalating Iran tensions, Greenland dispute, and Federal Reserve independence concerns. Oil prices climbed with Brent crude above $64 a barrel and WTI near $60, silver fell as US tariff threat eased, but remained up 15% for the week.

Morgan Stanley sees a 70% surge for ASML shares in a bullish case. PNC Financial stock rose 3% after beating earnings estimates. State Street expanded revenue but earnings missed, leading to premarket stock decline. Micron shares rose as J.B. Hunt Transport Services stock fell 5% on lower quarterly revenue.

Nvidia’s China struggles could impact its competitive edge. Silver prices fell after US paused tariffs but remained up for the week. Canada and China agreed to cut tariffs on canola and EVs. The Treasury market’s inertia is making investors anxious, and Musk’s lawsuit against Open AI and Microsoft goes to trial.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq climb as Wall Street gets set to wrap up volatile week