The S&P 500 was 0.3% higher in afternoon trading and on track for its biggest weekly gain since early November 2023. The Dow Jones Industrial Average was up 230 points, or 0.5%, as of 12:09 p.m. Eastern time, and the Nasdaq composite was virtually unchanged.

U.S. stocks are rising as gains for Big Tech make up for slides in oil-and-gas stocks after the price of crude tumbled sharply

Big Tech earnings start today, with roughly $12 trillion in market cap reporting over three days.