After a volatile week marked by Wednesday’s trading chaos, the stock market ended on a positive note. On Friday, tech stocks saw significant buying interest for the second straight session as options expired. The Dow Jones Industrial Average jumped higher, trimming its weekly loss to less than 1%. Other major indexes also logged gains.
Meanwhile, AI stocks led the Nasdaq composite’s rally, with Palantir and Rocket Lab scoring technical breakouts. This week’s market performance is attributed to a mix of factors, including economic data releases and tech sector news.
Investors are eagerly anticipating upcoming jobs reports and economic data releases that may impact market sentiment. However, tech stocks have shown resilience in recent days. With the week coming to a close, traders are looking forward to next week’s events for direction on the markets.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nike-nke-stock