US stock market Friday closing: The Nasdaq Composite rebounded on Friday, driven by a surge in key technology stocks, after suffering its worst day in more than a month, as per a report. The tech-heavy index gained 0.6%, snapping a three-day losing streak, while the S&P 500 rose 0.3%, as per a CNBC report. The Dow Jones Industrial Average, however, slipped 181 points, or 0.4%, as per the report.
Nasdaq Rebounds as Tech Stocks Surge: Nvidia, Oracle, Palantir, and Tesla Lead RecoveryEarlier in the session, all three indexes had fallen sharply, with the Nasdaq and S&P 500 down 1.9% and about 1.4%, respectively, and the Dow dropping nearly 600 points, or 1.3%, as reported by CNBC.
Friday’s rally was led by major technology names that had seen heavy losses the day before, with Nvidia and Oracle both reversed course, as did Palantir Technologies and Tesla, which had each dropped more than 6% on Thursday, as per the report. The Technology Select Sector SPDR Fund (XLK) rose about 1%, recovering part of its 2% decline from the prior day, as per CNBC.
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S&P 500 Today Gains While Dow Slides Amid Market Volatility
Thursday had been particularly brutal for US markets as the Dow lost roughly 800 points, wiping out gains from the previous session, while the Nasdaq plunged more than 2%, ending its seven-week win streak, as per the report.
Friday’s gains, however, helped the Nasdaq finish slightly higher on the week, the S&P 500 rose 0.5%, and the Dow was up 0.7% week-to-date, as per the CNBC report.
Investors Navigate Risk-On and Risk-Off Trading Strategies
Brian Mulberry, client portfolio manager at Zacks Investment Management, said that, “We’re kind of switching back and forth between this risk-on [and] risk-off type of a trade,” adding, “I think people are looking to maybe reposition going into the end of the year, into 2026, just knowing the concentration that most people have built up because of the solid performance from these technology companies,” as quoted in the report.He also added that, “We just expect that you’ll probably have more of these 1% to 2% moves up and down till close to the end of the year just as people reposition and de-risk their portfolios,” as quoted by CNBC.
Strategy Stock Today Hits Worst Week in a Year
On Friday, Strategy stock is on pace for its worst week in a year, plunging more than 17% since Monday, its largest weekly decline since early August 2024, as reported by CNBC.
Bitcoin Treasury Stock Today Near 52-Week Low
Bitcoin treasury stock is trading around $200, near its 52-week low of $194.56, amid a broader pullback in the cryptocurrency, which briefly fell below $95,000 earlier in the week, as per the report.
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Stock Market Snapshot: Top S&P 500 Stocks Soar as Others Hit 52-Week Lows
On the positive side, eight S&P 500 stocks reached new all-time highs on Friday, including Assurant, Hartford Financial, Loews, Cardinal Health, Cencora, HCA, Ventas, and Welltower, as reported by CNBC.
While eight stocks hit new 52-week lows, such as Charter Communications, Molina Healthcare, Carrier Global, Old Dominion Freight Line, Motorola Solutions, Smurfit Westrock, Alexandria Real Estate Equities, and Weyerhaeuser, as per the report.
FAQs
Why did the Nasdaq rebound on Friday?
Tech stocks like Nvidia and Oracle bounced back after heavy losses the previous day.
How is bitcoin performing?
Bitcoin recently fell below $95,000 but has slightly rebounded; its treasury stock trades around $200.