The major averages opened lower on more concerns of the economy following more earnings, but then pared the losses in the afternoon on hopes Congress will vote to reopen the government on Sunday. The Dow Jones Industrial Average rose 74 points after falling over 400 points this morning. The S&P 500 rose 8 points while the Nasdaq Composite dropped 49 points after falling over 400 points this morning.

The earnings keep flooding in from the likes of Affrim, ABNB, DraftKings, Expedia, JFrog, Wendy’s, KKR, Flour and Wynn Resorts among others. Expedia is the diamond up 19% as their customers keep traveling and vacationing. Lodging stocks like Hilton and Marriott performed well. Wynn Resorts rose 3% on earnings. A rival to them all, ABNB also reported earnings, but was in the red for most of the day.

Tech remains under pressure. A tough week for the chip sector. Nvidia was down nearly 10% on the week after making all time highs last week. Intel was one of the few chip stocks higher as Elon Musk said he is considering working with Intel on AI ambitions going forward.

Outside the tech sector, the markets performed much better.

Interest rates remained quiet due in part to no economic data. The 10-year Treasury fell a basis point to 4.09%. The 2-year note yield was down a basis point to 3.55%, while the 30-year bond yield rose a basis point to 4.69%.

In the commodity space, oil was quiet just under $60 a barrel. Gold was modestly higher while crypto currencies led the rebound today, closing up over 2%.

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