Stocks rose on Friday to cap a volatile week with each of S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI), and Nasdaq Composite (^IXIC) logging weekly gains.
The S&P 500 and Dow rose 0.8% on Friday while the Nasdaq rose 0.7%. The Nasdaq rose over 1.2% for the weekly, leading gains among the major averages.
The biggest movers Friday came from the tech and banking worlds, with shares of Amazon (AMZN) falling more than 3% after the company warned of a slowdown in its AWS cloud business on its earnings conference call Thursday night.
Elsewhere in the tech space, Snap (SNAP) shares fell more than 17% as the company again warned of a revenue slowdown as a sputtering ad market continues to weigh on the company’s growth.
Investors were also keeping close tabs on shares of First Republic (FRC) as the struggling lender appeared set to enter FDIC receivership this weekend with reports suggesting the US government has been unable to secure a buyer for the bank.
First Republic stock fell more than 40% on Friday.
This content is not available due to your privacy preferences.
Update your settings here to see it.
Click here for the latest stock market news and in-depth analysis, including events that move stocks
Read the latest financial and business news from Yahoo Finance
Related Posts
Local weather change might be driving up most cancers charges in ladies, research finds
Within the U.S., most cancers charges are going up—particularly for younger and middle-aged ladies, whose most cancers diagnoses have surpassed...
Xiaomi Company (XIACF) Q1 2025 Earnings Name Transcript
Xiaomi Company (OTCPK:XIACF) Q1 2025 Earnings Convention Name Might 27, 2025 7:30 AM ET Firm Members Lu Weibing - PresidentAlain...
LIC declares Rs 12 remaining dividend after sturdy FY25 earnings, units file date
Life Insurance coverage Company of India (LIC) has really helpful a remaining dividend of Rs 12 per fairness share for...
BSNL worthwhile for two back-to-back quarters for first time in 18 years; Jan-Mar PAT at Rs 280 crore
BSNL Posts 2nd Consecutive Quarterly Revenue FY25: Bharat Sanchar Nigam Ltd (BSNL) on Tuesday reported a uncommon, second straight quarter of...
Aditya Birla Style Units Rs 500 Crore Capex in FY26 To Repair Loss-Making Manufacturers
Aditya Birla Style and Retail Ltd. has lined up capital expenditure of Rs 500 crore this monetary yr. A giant...
