US stocks close 0.6% higher on solid week despite AI revenue downgrade

The S&P 500 closed at 7,811.51 (+0.59%) on Friday, capping a 1.15% weekly gain despite the Nasdaq posting only 0.19% for the week after reports that OpenAI's annualized revenue is roughly $20 billion lower than previously estimated.

Tech stocks stumbled Thursday on the OpenAI earnings miss, but Friday's rebound suggests investors are treating it as a buying opportunity. Easing oil prices and a quiet dollar provided a stabilizing backdrop for equity sentiment.

Although the S&P finished the week higher, the Nasdaq's relative weakness versus broader equity indices signals that technology leadership remains fragile until real business revenue accelerates. Bank earnings next week will be a key guide; oil and geopolitical noise remain secondary drivers for now.