US equity futures declined Friday following a sharp sell-off in AI-related stocks, while Brent crude prices rose to $114 amid reports of Houthi missile strikes and conflicting claims regarding shipping restrictions in the Strait of Hormuz. The 10-year Treasury yield increased to 4.

99% as safe-haven demand waned, and corporate news included OpenAI reportedly targeting a $1.25 trillion valuation for a new funding round.