"U.S. stocks surged Friday as a rebound in technology shares and a sharp recovery in bitcoin helped stabilize markets after a bruising week. The Dow Jones Industrial Average jumped 1,101 points, or 2.3%, climbing above the 50,000 mark for the first time in its history and moving into positive territory for the week. The rally extended across major indexes. The S&P 500 rose 1.7%, while the Nasdaq Composite gained 1.9%."
"Several major tech names bounced sharply after steep declines. NVIDIA and Broadcom each climbed about 7%, while Oracle rose 3% and Palantir Technologies added roughly 4%. Some software stocks tied to artificial intelligence concerns continued to lag. Outside of tech, investors rotated into industrials and financials. Caterpillar surged 6%, while Goldman Sachs gained 4%, helping fuel the Dow's outperformance. Small-cap stocks also rallied, with the Russell 2000 up 3%."
"Bitcoin rebounded alongside equities, rising 10% to move back above $70,000 after briefly falling below $61,000 overnight. Despite the bounce, the cryptocurrency remains sharply lower on the week. Not all stocks joined the rally. Amazon slid 7% after posting earnings slightly below expectations and projecting $200 billion in capital expenditures for the year."
U.S. equities rose sharply Friday as a tech rebound and a bitcoin recovery helped steady markets following a difficult week. The Dow gained 1,101 points, or 2.3%, crossing the 50,000 threshold and finishing the day in weekly positive territory. The S&P 500 climbed 1.7% and the Nasdaq Composite added 1.9%, though both remained modestly lower for the week due to earlier tech pressure. Major tech names like NVIDIA and Broadcom rallied, while certain AI-linked software stocks lagged. Investors rotated into industrials and financials, small caps rallied, bitcoin jumped above $70,000, and Amazon fell 7% after earnings and capex guidance.
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