Good Friday morning. Welcome to another hour of Squawk on the Street. I'm Sarah Eisen here with Carl

Kentonia and David Faber. Live as always from post nine of the New York Stock Exchange.

Stock looking to end the week on a high note. We're up three quarters of a percent right now

in the S&P 500. If you look beneath the surface, that's what's working today. Technology is right up

there, so that's helping communication services, consumer discretionary. We've got a broad-based rally. Only materials and consumer staples are lagging. NASDAQ comp up one and a quarter percent right now. NASDAQ's the only one of the big three that's positive for the week, but the S&P is trimming its losses for the week. only down right now two-tenths of a percent as this rally gets going here.

And again, fueled by tech, but broad-based cyclicals are playing as well.

Take a look at Treasuries. They've been the story this week.

We've got some yield stabilization just in the last two days or so.

The 10-year yield sits around 4.2. We'll talk about it.

The two-year yield, 4%. So elevated on We'll talk about it. The two-year yield 4%.

So elevated on the week, but it looks like it's not climbing further this morning.

We're 30 minutes here into the trading session.

Here are three big movers we're watching.

Shares of Capri Holdings and Tapestry moving in opposite directions

after a federal judge blocked their merger.

The latest there is Capri shares get nearly cut in half right now, and 47%.

Just a moment.

Also on the retail front, shares of Hoka and UggParent Decker's outdoor on the move, along with Skechers.

Both company reporting sales gains.

Look at Decker's up another 10%.

And then watching Tesla coming off its best day in a decade.

Second best daily performance ever and adding another 3%. But important to note, even after yesterday's

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