AI chip rally and bank earnings lift markets, but week ends lower

U.S. stock futures hovered near flat after a Thursday rally in banks and tech, with the S&P 500, Nasdaq, and Dow higher on the session as AI and chip names rose on strong Taiwan Semiconductor results and a U.S.–Taiwan investment pledge; solid earnings from Goldman Sachs and Morgan Stanley helped lift bank stocks, but valuations and looming midterm volatility kept investors cautious, leaving the week with modest losses despite the near-term gains.