Stocks surged on Friday as technology stocks recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% at one point.
The Dow Jones Industrials charged ahead 959.58 points, or 2%, to 49.968.30, turning positive for the week and reaching an all-time high.
The index was helped by gains in industrial stocks such as Caterpillar and financial stocks like Goldman Sachs.
The S&P 500 index triumphed 108.35 points, or 1.6%, to 6,903.75. With those moves, the S&P 500 climbed slightly back into the green for 2026.
The NASDAQ popped 377.67 points, or 1.7%, to 22,917.98.
Even with Friday’s pop, the S&P 500 was still on pace for a 0.6% decline for the week, while the NASDAQ is down about 2% on the week still. The 30-stock Dow, meanwhile, is sitting up 2% week to date, benefitting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.
Nvidia and Broadcom were two of the key winners Friday, with the former increasing by 6% and the latter rising 7% following big declines earlier in the week. Other stocks such as Oracle and Palantir also bounced back as investors reconsidered some of the names at cheaper levels. Palantir was up by 5%. Some key software stocks like Salesforce and ServiceNow — which have been the epicenter of the tech sell-off because of an AI disruption fear of software — remained weak on Friday, however.
In addition to tech, investors bought up shares in areas such as industrials and financials. In those sectors, Caterpillar and Goldman Sachs were standouts, supporting the Dow’s outperformance with their rise of 6% and 3%, respectively.
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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 96 cents to $64.25 U.S. a barrel.
Gold prices recovered $91.70 to $4,981.20 U.S. an ounce.
