Stocks rallied on Friday afternoon, with the S&P 500 and Nasdaq reaching new highs while the Dow Jones Industrial Average struggled. Netflix was a standout performer, surging to a record high during the trading session.
It was a mixed day for the stock market, with the Dow showing some improvement after earlier losses, while the S&P 500 and Nasdaq posted gains. The Russell 2000, however, lagged behind with a slight decline. The Innovator IBD 50 ETF also saw a modest increase, holding support at key moving averages.
In the bond market, Treasury yields fell while U.S. crude oil prices dipped slightly. Volume was relatively higher on both the Nasdaq and the NYSE compared to previous trading sessions. In economic news, the latest jobs report showed stronger than expected job growth, although the unemployment rate ticked up slightly.
Netflix was a top performer, reaching new highs and extending its gains from previous lows. Apple also hit a record high, while Camtek saw a solid gain, reaching an all-time high. Meta Platforms, Arm Holdings, and Advanced Micro Devices were among the top gainers in the NASDAQ 100.
On the flip side, Tesla briefly climbed above a key level before reversing gains, while Nvidia saw a slight decline after a strong performance the day before. Cryptocurrency markets were down, with bitcoin approaching a critical support level. In the growth stock sector, AppLovin and Agnico Eagle Mines saw positive price action, with the former breaking out in strong volume.
Overall, it was a mixed day for the stock market, with some sectors seeing gains while others faced selling pressure. Investors are closely watching key levels and economic indicators for signs of market direction in the coming weeks.
