On Friday, the S&P 500 Index closed up 0.19% and the Dow Jones Industrial Average rose by 0.66%, while the Nasdaq 100 fell 0.17%. The gains in the S&P 500 and Dow were driven by the chipmakers and AI-infrastructure sectors, despite the Nasdaq hitting a two-week low due to weaknesses in major tech stocks. The 10-year Treasury yield climbed to 4.19%, its highest in 1.5 weeks, reflecting rising inflation expectations.
Key data released on Friday includes the U.S. December manufacturing PMI, which remained unchanged at 51.8. In European markets, the Euro Stoxx 50 hit a record high, closing up 1.02%. Additionally, the Eurozone’s November M3 money supply saw a year-over-year increase of 3.0%, surpassing the expected 2.7% growth.
Several chip stocks performed well, with Sandisk increasing over 15%, and Micron Technology rising more than 10%. In contrast, Tesla reported weaker-than-expected Q4 vehicle deliveries, leading to a decline of over 2% in its shares. Cybersecurity stocks faced pressure, with Atlassian and CrowdStrike both down more than 3%.
