Traders work on the floor of the New York Stock Exchange.
Brendan McDiarmid | Reuters
Stocks soared on Friday as technology stocks recovered after days of heavy selling in the sector. Bitcoin The popular cryptocurrency has rebounded following a crash that saw it drop more than 50% at one point.
of Dow Jones Industrial Average It rose by 1,135 points (2.3%), exceeding 50,000 points for the first time, and turning positive for the week. of S&P500 While it rose by 1.8%, Nasdaq Composite It increased by 2%. These moves have sent the S&P 500 slightly higher heading into 2026, returning to the green.
Despite Friday’s selloff, the S&P 500 is on pace to lose 0.3% this week, while the Nasdaq is still down about 2% for the week. Meanwhile, the 30-stock Dow Jones Industrial Average is up 2% for the week, benefiting from a rotation into some cyclical stocks, even as the broader market has been weighed down by a selloff in tech stocks.
Dow Jones Industrial Average, 5 days
Nvidia and broadcom Two of Friday’s main winners were both up 7% after falling sharply earlier in the week. Other stocks include oracle and Palantir Technologies Stock prices also rebounded as investors reconsidered some stocks at bargain prices. Oracle rose 3% and Palantir rose 4%. Major software stocks include: ServiceNow Tech stocks, which have been at the epicenter of a sell-off due to concerns about artificial intelligence breaking software, remained weak on Friday.
“We’re in a gold rush right now with the advent of AI,” said Gabriel Shahin, founder of Falcon Wealth Planning.
He also said, “There are investments being made by Google, Nvidia, Meta, Amazon. There is money coming in.” “The carousel[of money movement]sometimes scares people.”
Shahin believes the market is in the midst of a “massive realignment” and that investors will move further away from growth stocks and into value stocks. His bets are on large-cap value stocks in the coming months. The situation unfolded on Friday, with investors buying up stocks in sectors such as industrials and financials. In those fields, caterpillar and goldman sachs stood out, supporting the Dow’s outperformance with gains of 6% and 4%, respectively. Small stocks also rose, Russell 2000 Index Rally 3%.
Bitcoin reversed some of its losses on Friday, rising 11% to above $70,000 after briefly falling below $61,000 overnight, its lowest level since October 2024. That’s more than 52% off the all-time high of $126,000 reached in early October 2025. Friday’s gains helped ease some of the risk-off concerns among investors that have plagued the broader market recently. However, the cryptocurrency still fell by 15% this week.
This week took a gloomy turn heading into Friday, with the S&P 500 index’s worst week since last October and the Nasdaq Composite Index’s worst week since last April’s tariff-related market crash. Friday’s pops significantly mitigated those declines.
Amazon Friday was an outlier, with shares falling 6% as the e-commerce giant reported earnings per share that were slightly below analysts’ expectations and told investors it expects capital spending of $200 billion this year.
