Stocks rose on Friday, positioning the market for a positive end to a volatile week that saw investors disappointed over tech stocks and fearing a cryptocurrency collapse.
The Dow Jones Industrials sprang up 822.03 points, or 1.7%, to 49.730.75, helped by gains in industrial stocks such as Caterpillar and financial stocks like Goldman Sachs
The S&P 500 index gained 64.83 points, or 1%, to 6,863.23.
The NASDAQ captured 160.22 points to 22,700.81.
With the day’s moves, the S&P 500 climbed back into the green for 2026, but the broad market index is still pacing for a negative week, as is the tech-heavy NASDAQ. The two have slid roughly 1% and 3% on the week, respectively, while the Dow is sitting more than 1% higher week to date.
The gains came even as Amazon shares sank 9% after the e-commerce giant posted earnings per share slightly under analyst expectations and told investors to expect $200 billion in capital expenditures this year. Despite these issues, other tech shares popped: Nvidia rose 3%, and Microsoft moved higher by nearly 1% after both companies saw close to double-digit percentage drops this week.
Bitcoin tumbled 16% overnight, briefly sinking below $61,000. However, the crypto leader recouped some losses Friday, adding 7% to climb back above $68,000.
Prices for the 10-year Treasury dipped, raising yields to 4.22% from Thursday’s 4.20%. Treasury prices and yields move in opposite directions.
Oil prices recovered 55 cents to $63.84 U.S. a barrel.
Gold prices recovered $85.70 to $4,975.20 U.S. an ounce.
