Friday brought a robust turnaround for the stock market, marking a decisive end to the initial sluggishness of 2025. The Dow Jones Industrial Average experienced a 0.8% uplift, while the S&P 500 and Nasdaq Composite surged by 1.3% and 1.8%, respectively, both snapping their five-session losing streaks. Despite these gains, the holiday-shortened week wrapped up with the Dow, S&P 500, and Nasdaq recording losses of 0.6%, 0.5%, and 0.5% respectively.
This market rally was led by a resurgence in shares of major technology firms. Nvidia and Tesla were at the forefront, with Nvidia climbing by 4.5% in anticipation of CEO Jensen Huang’s upcoming speech, and Tesla rebounding strongly by 8.2%. Other tech heavyweights including Microsoft, Alphabet, Amazon, Meta Platforms, and Broadcom also saw their shares ascend, while Apple saw a minor dip of 0.2%.
The day also noted gains in other sectors, with companies like Super Micro Computer and Vistra witnessing significant surges. Conversely, U.S. Steel faced a 6.5% decline following President Biden’s intervention in its sale to Nippon Steel, and alcoholic beverage companies saw a downturn after a Surgeon General warning about alcohol’s link to cancer.
In contrast to equities, bitcoin saw a modest increase, settling at $98,300, while gold futures dipped by 0.6%, and WTI crude oil futures experienced a 1.3% rise. The yield on 10-year Treasury notes slightly increased, indicating investors’ adjusted expectations for future interest rates amidst market variances.
