The Dow bounces back as Iran downplays the impact of the strike, but the tech sector sees a significant decline.

Stocks saw a recovery from earlier lows in US trading on Friday as tensions in the Middle East appeared to ease, leading to a decrease in demand for safe-haven assets like bonds, gold, and the US dollar. Oil prices also declined. The Dow Jones Index climbed by 0.6%, driven by Tehran’s dismissal of reports regarding an Israeli strike on Iran. US Treasury 10-year yields experienced a notable drop to 4.62%, nearly reversing their earlier plunge. The US dollar remained relatively stable, while the Australian dollar traded at 64.19 US cents around 6 am on Saturday Sydney time, recovering from Friday’s lows.