"Stocks rose in morning trading on Wall Street Friday and further trimmed losses from earlier in the week for several major indexes.The S&P 500 jumped 0.8%, adding to gains made on Thursday.The Dow Jones Industrial Average rose 283 points, or 0.6%, as of 10:05 a.m. Eastern. The Nasdaq jumped 1% and is now on track for a weekly gain.Technology stocks with an focus on artificial intelligence once again led the market. Nvidia jumped 3.4% and Broadcom rose 2.4%."
"Oracle rose 7% on news that it, along with two other investors, had signed agreements to form a new TikTok U.S. joint venture. Oracle, Silver Lake and MGX each get a 15% share in the popular social video platform, ensuring that it can continue operating in the U.S.Company earnings and how companies are performing amid tariffs and inflation were a key focus for Wall Street.Nike slumped 9.6%, as the impact from tariffs overshadowed an otherwise strong quarterly profit report."
Major U.S. stock indexes rose in morning trading, with the S&P 500 up 0.8%, the Dow rising about 283 points (0.6%), and the Nasdaq up 1%, putting it on track for a weekly gain. Technology stocks focused on artificial intelligence led gains, including Nvidia and Broadcom. Oracle gained after joining two other investors to form a TikTok U.S. joint venture with each investor receiving a 15% share. Company earnings produced mixed reactions amid tariffs and inflation, with declines at Nike and Lamb Weston despite some beats and a strong quarter from Winnebago. Japanese stocks rose after the Bank of Japan raised its benchmark rate, and European markets also gained.
Read at Fast Company
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