S&P 500, Dow, Nasdaq today: US stocks climbed on Friday as investors regained confidence in the artificial intelligence sector, with Oracle leading the charge following a major deal involving TikTok.
US Stock Market Today: S&P 500, Dow and Nasdaq Ended Higher
The Nasdaq Composite rose 1.31% to close at 23,307.62, while the S&P 500 gained 0.88%, ending the day at 6,834.50. The Dow Jones Industrial Average added 183.04 points, or 0.38%, to settle at 48,134.89. This marked the second consecutive day of gains for all three major indexes.
Oracle Stock Rallies on TikTok US Deal
Oracle shares jumped 6.6% after TikTok announced it would sell its US operations to a new joint venture involving the tech giant and private equity firm Silver Lake, as per a CNBC report. The stock had faced pressure earlier in the week after losing a key backer for one of its data center projects, sparking concerns about debt and AI spending. This downturn had also affected other AI-linked stocks, including Broadcom and Advanced Micro Devices.
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Nvidia Stock Gains on Potential China AI Chip Sales
Nvidia, another AI-focused company, saw its shares rise about 4% after reports indicated the Trump administration is reviewing the possibility of allowing the company to sell its advanced AI chips to China. Earlier this month, US president Donald Trump stated that Nvidia could ship its H200 AI chips to “approved customers” in the country.
Micron Stock Extends Rally
Micron Technology continued its recent rally, rising around 7% after a strong revenue forecast for the current quarter. The stock had surged 10% on Thursday, calming investor concerns following recent volatility in AI-related stocks.
Stock Market Outlook: AI Sector Recovery Boosts Investor Confidence in 2026 Markets
Tom Garretson, senior portfolio strategist at RBC Wealth Management said that, “The kind of onslaught of issuance from some of the hyperscalers, some of the AI trades, could weigh on markets into 2026,” adding that, “But again, these are kind of some of the best-rated companies in terms of credit qualities. They obviously have the capacity to ramp up debt to finance some of this stuff,” as quoted by CNBC.He also added that, “We’re still counting on some of the capex spend kind of supporting a broader or probably better growth backdrop,” as quoted in the report.
Stock Market Gains Today Follow Earlier Rebound in Major Indexes: Nasdaq, S&P 500, and Dow Performance Highlights
Friday’s gains followed a rebound in the previous session, when the S&P 500 and Dow both snapped four-day losing streaks. With Friday’s moves, the S&P eked out a modest 0.1% gain over the two-day period, and the Nasdaq advanced 0.5%, though the Dow slipped 0.7%.
Nike Stock Drop on Weak China Revenue and Tariff Impact
Not all companies shared in the rally. Nike shares fell 10.5% after reporting a decline in revenue in its Greater China market during the fiscal second quarter. The sports apparel giant also cited tariff increases as a factor weighing on gross margins.
FAQs
Why did US stocks rise on Friday?
Stocks gained as investors regained confidence in the AI sector, especially after Oracle’s TikTok deal.
Why did Oracle shares jump?
Oracle’s stock surged 6.6% after TikTok agreed to sell its US operations to a joint venture involving Oracle.