Chevron (CVX) stock was largely unchanged Friday after a fire broke out at the company’s El Segundo refinery in Los Angeles County. There were no injuries or evacuations of nearby residents, the company said as firefighters responded to the blaze.

The fire comes amid a series of refinery closures in California that have tightened supply and ahead of a major decision by the Organization of Oil Producing Countries and its allies (OPEC+) this weekend.

West Texas Intermediate crude oil futures (CL=F) rose 0.6% to $60 a barrel, while Brent crude (BZ=F) rose 0.5% to $64 a barrel as traders braced for OPEC+ to push through more supply hikes. Oil prices have fallen roughly 7% this week and are on track for the largest weekly loss since June.

Stocks opened higher on Friday after the September jobs report was delayed due to the government shutdown but AI optimism continued to run high.

The Dow Jones Industrial Average (^DJI), the benchmark S&P 500 (^GSPC), and the tech-heavy Nasdaq Composite (^IXIC) all rose by around 0.1%.

The 10-year Treasury yield (^TNX) rose slightly to 4.09%, and the 30-year bond (^TYX) held pat at 4.6%.

Gold (GC=F) continued to climb to record highs at $3,906.10 an ounce. Bitcoin also rose 1% to $120,524 per token.

It’s been a strong week for quantum stocks.

Shares of Rigetti Computing (RGTI) powered over 4% higher in premarket trading on Friday, building on an 18% spike on Thursday. Meanwhile, D-Wave Quantum (QBTS) also added 4% premarket to Thursday’s 13% gain. And Quantum Computing (QUBT) stock rose 12% over the past two days.

All three stocks were among the top trending tickers on Yahoo Finance.

Driving the stocks higher was Rigetti’s announcement that it sold two 9-qubit Novera quantum computing systems for $5.7 million on Tuesday. One system was bought by an Asian technology manufacturing company, Rigetti said, while the other was purchased by a California-based applied physics and artificial intelligence startup.

D-Wave also announced this week that it was testing its technology with the North Wales Police Department “to optimize placement of police vehicles for emergency response.”

Wall Street analysts see enormous potential in quantum stocks, but the underlying technology is still considered in the developmental phase, which is why they’re seen as riskier plays. While quantum computing can solve complex tasks, making them useful in certain fields, the systems are prone to errors.

And as neither company is profitable, valuations remain another concern. Despite a rocky start to the year, Rigetti and D-Wave, the two leaders in the space, have climbed 132% and 247%, respectively, year to date.

Typically, around this time, we would turn to the Bureau of Labor Statistics’ monthly employment report to assess how many jobs the US added in September. Economists polled by FactSet expected the US to have added around 50,000 jobs during the month and for the unemployment rate to have held steady at 4.3%.

But with the government closed for the third day, that hotly anticipated data is delayed, leaving investors and economists to piece together a picture of a softening labor market with data from job openings, private payrolls, and other indicators.

As my colleagues Emma Ockerman and Kerry Hannon note, the longer the shutdown stretches on, the bigger a deal it will be for those awaiting the data:

Read more here.

Tesla (TSLA) shares are up 1% in premarket trading on Friday. But the stock fell 5% on Thursday despite better-than-expected global third quarter deliveries, which were likely lifted by customers rushing to cash in on EV tax credits before they expire.

As Yahoo Finance’s Hamza Shaban writes in today’s Morning Brief, the rush to cash in on tax breaks before their end comes at a moment of uncertainty for Tesla.

Read more here.

Bloomberg reports:

Oil was on track for the biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels, exacerbating concerns around oversupply.

Brent (BZ=F) traded near $65 a barrel, down around 8% for the week, while West Texas Intermediate (CL=F) was below $61. The alliance is scheduled to meet online on Sunday to make a decision on output for November, and could discuss fast-tracking supply hikes as the group seeks to reclaim market share.

There are already early signs that global oversupply may be emerging in the Middle East, and the International Energy Agency expects the glut to swell to a record next year — in part due to the return of OPEC+ production. Some Wall Street banks predict Brent will slide into the $50s-a-barrel range.

Read more here.

Alibaba (BABA) continues to attract attention from hedge funds and retail investors with hope that the companies $250 billion hot streak is set to continue.

Bloomberg reports:

Read more here.