The Dow Jones Industrial Average fell 500 points on Friday as tensions in the Middle East intensified. Selling broadened beyond technology stocks into a wider market decline.

The U.S. Justice Department has sued to block Alaska from certifying its Senate race if the Republican candidate narrowly loses. The contest is one of several nationwide that could decide whether Republicans keep their slim Senate majority.

U.S. Treasury yields posted their sharpest one-day drop since the 2023 banking crisis as investors rushed into government bonds amid a broader tech-stock sell-off. Analysts described the move as a flight to safety rather than a signal of imminent recession.

U.S. President Donald Trump has asked Elon Musk to reverse a slowdown of SpaceX's Starlink satellite service that Musk had ordered for Ukraine, the Wall Street Journal reported. Musk, a vocal critic of Ukrainian President Volodymyr Zelenskyy, is said to have throttled the service amid tensions over the war.

OpenAI is close to finalizing a funding round of up to $30 billion at a $1.25 trillion valuation, led by investors from the United Arab Emirates. Sources familiar with the matter told CNBC the round is meant as a bridge to the company's planned 2027 IPO.

The Nasdaq fell more than 2% on Thursday, its worst day since June, as Meta and Tesla led declines amid AI spending concerns and rising oil prices. Treasury yields also dropped sharply as investors sought safety.