"Stocks wavered in afternoon trading on Wall Street Friday as the first week of corporate earnings season closes out with markets trading near record levels. The S&P 500 rose 0.1% after shifting between small gains and losses. The Dow Jones Industrial Average fell 52 points, or 0.1%, as of 3:17 p.m. Eastern. The Nasdaq composite rose 0.1%. Technology stocks were the strongest forces behind the market's moves."
"Nvidia rose 0.4%, Broadcom rose 2.8% and Micron Technology rose 6.8%. All three are semiconductor companies that are among several Big Tech companies with outsized valuations that often push the market higher or lower. A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh's PNC jumped 3.9% after it beat Wall Street's fourth-quarter targets, but Regions Financial fell 3% after reporting results that missed forecasts."
Stocks wavered near record levels as the S&P 500 edged up 0.1%, the Dow fell about 52 points (0.1%), and the Nasdaq rose 0.1% late Friday. Technology stocks were the primary drivers, with several large-cap tech firms offsetting weakness elsewhere. Nvidia rose 0.4%, Broadcom rose 2.8% and Micron Technology rose 6.8%, reflecting strength in semiconductor shares. Regional banks delivered mixed results: PNC jumped 3.9% after beating fourth-quarter targets, while Regions Financial fell 3% after missing forecasts. J.B. Hunt Transport Services slipped 1% after mixed quarterly results. Earnings updates are expected to clarify consumer spending and business conditions amid inflation, tariffs and scrutiny of AI-driven valuations.
Read at Fast Company
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