SHANGHAI (AP) — Rafael Jodar became the youngest semifinalist in Shanghai Masters history on Friday and will next meet Daniil Medvedev.
The 20-year-old Spaniard rallied to a 4-6, 6-4, 6-3 win against Casper Ruud, while Medvedev overcame American Tommy Paul 6-3, 1-6, 6-3.
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United States' Tommy Paul reacts during play against Russia's Daniil Medvedev in the men's singles quarterfinals match at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Norway's Casper Ruud returns a ball to Spain's Rafael Jodar during the men's singles quarterfinals match at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Spain's Rafael Jodar celebrates after winning the men's singles quarterfinals match against Norway's Casper Ruud at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Russia's Daniil Medvedev returns a ball to United States' Tommy Paul during the men's singles quarterfinals match at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Spain's Rafael Jodar reacts after winning the men's singles quarterfinals match against Norway's Casper Ruud at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
It was the fourth straight match at the ATP Masters 1000 event in which Jodar had mounted a comeback from losing the first set.
“Casper, I think, played the important points in the first set better than me," Jodar said. "I couldn’t win the break points because of his serve, so I knew I wanted to come back again. It was very tough, so I had to give my best level today to win this match.”
Jodar powered to victory in 2 hours 20 minutes by breaking Ruud's serve five times in the second and third sets.
Medvedev, a former Shanghai Masters champion, looked in trouble when losing the second set but recovered to claim victory in 2 hours 9 minutes.
"I think today I was a tiny bit off from time to time but the third set was great,” Medvedev said. “I managed to regroup myself and serve better in the third and get the win, which is a great feeling.”
See AP’s full tennis coverage here
United States' Tommy Paul reacts during play against Russia's Daniil Medvedev in the men's singles quarterfinals match at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Norway's Casper Ruud returns a ball to Spain's Rafael Jodar during the men's singles quarterfinals match at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Spain's Rafael Jodar celebrates after winning the men's singles quarterfinals match against Norway's Casper Ruud at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Russia's Daniil Medvedev returns a ball to United States' Tommy Paul during the men's singles quarterfinals match at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
Spain's Rafael Jodar reacts after winning the men's singles quarterfinals match against Norway's Casper Ruud at the Shanghai Masters tennis tournament in Shanghai, China, Friday, Oct. 16, 2026. (AP Photo/Andy Wong)
NEW YORK (AP) — Stocks are opening mostly higher on Wall Street, but more declines for big tech stocks are weighing on the market. The S&P 500 edged up 0.1% in early trading Friday. The index is still on track for a weekly loss, and is a bit below the all-time high it set last week. The Dow Jones Industrial Average added 291 points, or 0.6%, and the Nasdaq composite fell 0.4%. Chip companies were lower. Micron Technology fell 3% and Intel lost 2%. European markets were higher and Asian markets rose. The yield on the 10-year Treasury rose to 5.13%.
THIS IS A BREAKING NEWS UPDATE. Check back for updates. AP’s earlier story follows below.
U.S. futures are mostly higher as Federal Reserve Chairman Kevin Warsh touts the benefits of artificial intelligence, a sector that has been hammered this week by concerns over the rising costs of borrowing money.
Futures for the S&P 500 gained 0.2% on Friday, while those for the Dow Jones Industrial Average climbed 0.4%. Nasdaq futures dipped 0.1%.
Warsh said Friday at the IMF and World Bank gathering in Bangkok that AI could have a positive impact on the global economy.
“I’d say the advent of this new technology is probably the most consequential change to the U.S. and the global economy in my lifetime,” Warsh said. “There really is, I think, a huge benefit to the global economy, the U.S. economy, over the horizon.”
AI and chip stocks were choppy before the market opened Friday. Nvidia was flat after closing down 1.8% on Thursday, and shares are down more than 5% this week. Broadcom's stock declined 0.7% before the market open, while those for Advanced Micro Devices fell 1.8%.
Shares of Tesla climbed more than 3% after the electric vehicle maker unveiled its Roadster sports car that will go into production in two years. Netflix's stock fell more than 3% after the company announced that Chief Content Officer Bela Bajaria will be replaced by Peter Rice. The news comes just days after Netflix said that it plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions.
Oil prices are still elevated as the global oil supply remains under pressure without a deal between the U.S. and Iran to end the Iran war.
Brent crude, the international standard, rose 0.3% to $106.27 per barrel. That is still high compared with around $72 a barrel in late February before the start of the war. Brent climbed into triple digits last month, the first time since July.
Benchmark U.S. crude edged 0.2% lower to $97.77 per barrel.
The national average for gasoline is at $4.33 a gallon on Friday, according to AAA. While that's lower than the $4.37 a gallon that it averaged last month, it's sharply higher than the $3.06 a gallon from a year ago.
Oil remains well-supported as uncertainties surrounding the situation in the Middle East and concerns over oil flows in the Strait of Hormuz had the market “pricing in a significant risk premium,” ING commodities strategists Warren Patterson and Ewa Manthey wrote in a commentary Friday.
In Europe, Britain’s FTSE 100 declined slightly to 10,837.99. France’s CAC 40 gained 0.4% to 7,966.11, while Germany’s DAX rose 1% to 25,645.64. Asian markets were higher.
The U.S. dollar rose to 158.02 Japanese yen from 158 yen. The euro was trading at $1.1256, up from $1.1220.
Specialist Dilip Patel works on the floor of the New York Stock Exchange, Thursday, Oct. 8, 2026, in New York. (AP Photo/Yuki Iwamura)
A man uses his mobile phone to take photos of the electronic screen displaying Indonesia Composite Index at the Indonesia Stock Exchange in Jakarta, Friday, Oct. 16, 2026. (AP Photo/Tatan Syuflana)
People walk past an electronic screen displaying stock prices at the Indonesia Stock Exchange in Jakarta, Friday, Oct. 16, 2026. (AP Photo/Tatan Syuflana)
A screen shows the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 16, 2026. (AP Photo/Ahn Young-joon)
A screen shows the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won, SK Hynix and Samsung Electronics Co. stock prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 16, 2026. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 16, 2026. (AP Photo/Ahn Young-joon)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 16, 2026. (AP Photo/Ahn Young-joon)
