The major indexes were on track for a losing week. The reversal comes after six straight declines for the Dow Jones Industrial Average and a brutal sell-off connected to the collapse of Terra.
Cryptocurrencies rebounded after this week's market turmoil, but are still on track for their longest weekly losses ever.
The slump across the market has wiped out much of the gains from the Pandemic.
The market opened at 9:30 a.m. on Friday.
After failing to stem the 99% decline, Terraform Labs completely switched off the network.
The risks of stable coins are growing very rapidly, but do not pose a real threat to financial stability, according to Treasury Secretary Janet Yellen.
The stock plunged after Musk said that his $44 billion takeover bid was on hold, as he waited for more details about the fake accounts on the platform.
Warren Buffet's company boosted its bet on the oil and gas company to about $7.5 billion.
Russian diesel exports fell as the war in Ukraine increased pressure on the key industrial fuel. Diesel prices in the US hit a record high of $5.56 per gallon on Friday.
West Texas Intermediate was up 2.5% to $108.98 a barrel. The international benchmark for crude oil moved up 2% to $110.13 a barrel.
The price of gold was 1,804.20 per ounce. The 10-year yield increased by 0.98 basis points.
The price of the digital currency rose to $30.51.
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