U.S. stocks opened mixed on Friday after the market surged to fresh records as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week.

Microsoft shares climbed 1.1% after the company announced a non-binding deal with OpenAI to revise their partnership terms. The agreement, anticipated for months, will allow OpenAI to restructure as a for-profit entity. This marks a major step forward in one of the most closely watched partnerships in artificial intelligence.