The Dow Jones Industrial Average closed near session highs on Friday, marking a rebound from losing streaks. Major indexes, including the S&P 500 and Nasdaq composite, advanced significantly, with the S&P 500 rising nearly 1.3% and the Nasdaq rallying 1.8%. Tesla led the charge, bouncing back for a 0.8% gain to break its four-day losing streak.
Bitcoin added 1.2%, while the 10-year Treasury yield increased two basis points to 4.596%. U.S. crude oil surged more than 1% to $73.96 a barrel. Innovator IBD 50 outperformed with a 3.3% increase, and ETF climbed back above its 50-day line.
Nvidia bolted 4.4%, reclaiming its 50-day line after recovering from Thursday’s 2.6% loss. Apple modestly fell, although still in the buy zone of a flat base. Rivian soared over 17% on delivery numbers beating expectations, while Block and Chewy rose following upgrades from analysts.
The rebound comes as several top analysts expressed optimism about stocks like Constellation Energy, Vistra, and Las Vegas Sands. However, Carvana fell heavily following a negative report by Hindenburg Research. The December Institute for Supply Management Manufacturing index rose to 49.3, topping November’s 48.4.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-tesla-tsla-nvidia-stock-nvda