Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Friday morning, everybody. Welcome to Squawk in the Street. I'm David Faber, along with Sarah Eisen and Mike Santoli. We're live from Postline at the New York Stock Exchange.

Jim and Carl have the morning off.

Let's give you a look at futures as we get ready to start trading for the final day of this week.

You can see set up for yet again a move higher. And our roadmap does start with, well, overall, technology stocks, for example, bouncing back.

This after the NASDAQ did suffer

what was its worst day since March. Plus, speaking of big tech, top AI companies like Microsoft,

META and Amazon set to meet with the Biden administration later today after signing a White

House pledge over AI risks. And Amex shares falling in the pre-market despite posting another quarter

of record revenue. We're going to go through the numbers, figure out what it means about the consumer.

But let's start with the markets, of course, after what was the sell-off yesterday, at least in

technology, although, again, you did have other indexes a bit higher. Nice to be able to turn to Mike Santoli at this time of the morning and just sort of give us a sense as to what you're watching, what you're thinking about is this weekends. You know, and I wonder, given we're only a little bit through earning season, but we're getting there, I guess. Absolutely. Are multiples higher because earnings really have not been?

Yeah, multiples definitely have run higher.

I mean, the whole really market recovery this year has mostly been about rebuilding the valuations

because earnings, even though they've stabilized in terms of forecast and in terms of results,

they haven't started to grow again.

But I think that, you know, yesterday was interesting as an excuse for people to skim a bit off the biggest

NASDA stocks with the Netflix and Tesla, you know, kind of mixed results.

And so therefore, I do think that, along with the fact that pretty much everybody has been on this theme of saying, you know,

what more can the very largest NASDAQ stocks do for us in the short term?

Therefore, market needs to broaden out.

The market has been broadening out.

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