Friday’s NASDAQ Composite stock price: Nvidia (NVDA) and Advanced Micro Devices (AMD) But overall, stock market indexes looked better today than late Thursday as news broke that Israel retaliated against Iran with limited strikes.
Meanwhile, Donald Trump stocks trump media (DJT) added another 12% early in the session, but cut off its highs. The company notified Nasdaq on Friday of the potential stock price manipulation.
X
The Dow Jones Industrial Average rose 0.5% as investors focused on returns from blue-chip companies, including: american express (AXP) and procter and gamble (PG). American Express shares rose 3% after the company reported better-than-expected profits and sales. The stock is in a buy zone with support at the 10-week moving average. Procter & Gamble fell nearly 2% as its sales came in at $20.2 billion, slightly below the consensus of $20.41 billion.
The S&P 500 was slightly lower around 10:30 a.m. ET. The benchmark index continues to trade around the 5,000 level after falling well below its 50-day moving average earlier this week.
Small-cap stocks outperform the market
The tech-heavy Nasdaq fell 0.8%, but small-cap stocks fared well, with the Russell 2000 rising 0.2%. Russell 2000’s performance was impressive considering his 10% decline in index components. super microcomputer (SMCI).
The stock market’s upward trend has been hit and under pressure by a variety of factors. The Nasdaq Composite and S&P 500 still have distribution date counts. Moreover, the range has further weakened on the Nasdaq and New York Stock Exchanges, increasing upward pressure on interest rates.
On Nasdaq, winners outnumbered losers almost 2-to-1. The New York Stock Exchange was wider, with a roughly 4-to-1 advantage.
The yield on the 10-year U.S. Treasury note fell 3 basis points to about 4.61%. WTI crude oil futures were flat at around $82.75 per barrel.
Stock market today: Netflix falls, Shopify rises
Netflix (NFLX) plunged 6% after the company reported another strong quarter, but its revenue outlook turned out to be disappointing. Sales growth accelerated for the third consecutive quarter, increasing by 15% to $9.4 billion. Netflix gained 9.33 million subscribers in the first quarter, significantly exceeding analysts’ expectations of 5.48 million.
Shopify (SHOP) Increased 2% due to Morgan Stanley’s upgrade to overweight. While Shopify still offers a compelling growth story, sellers have sent the stock down more than 20% from its highs. Analysts expect full-year profits to rise 38% this year and another 36% in 2025.
See which stocks are in your leaderboard model portfolio
Bitcoin rose 2% on the stock market today, reaching nearly $65,000.Crypto exchange operator coinbase (COIN) surged 3% as it scrambled for support near its 50-day moving average.
Nvidia gave up early gains and is down nearly 3% in recent trading. The enthusiastic leader in artificial intelligence chips was trying to maintain a flat base.
Meanwhile, Advanced Micro fell another 2% and is down 7% for the week. The company has been in the red for five of the past six weeks.
stock market is moving
In other places, intuitive surgery (ISRG) rose sharply in the early stages, but turned around and fell after the earnings announcement, and was turned away at the 50-day line.
In-market Surge Growth 250, oscar health (OSCR) continued to work on the right side of the cup base despite signs of accumulation. This little-known name in the healthcare field is growing in a big way. Revenue growth over the past four quarters has ranged from 44% to 51%.
Next week will be a big week for the stock market, including stocks like the Magnificent Seven. tesla (TSLA), microsoft (MSFT), meta platform (META) and Google’s parent company alphabet (GOOGL) Report is set.
Tesla stock continues its steep downward trend that began in late December amid slowing growth. Microsoft is also under selling pressure, but Meta and Google continue to show relative strength and remain near their highs.
For more stock market analysis and insights, follow Ken Shreve on X @IBD_KShreve.
you might like it too:
Forget Nvidia.Consider this AI powerhouse now
Why this IBD tool simplifies your search for top stocks
The best growth stocks to buy and watch
IBD Digital: Get access to IBD’s premium stock lists, tools and analysis now
