US stocks closed mixed on Friday: the Dow finished higher, the S&P 500 barely moved, and the Nasdaq slipped. All three major indexes still ended the week lower, even as individual stock performance split sharply between winners and losers.
The Dow industrial average gained 235.04 points, or 0.45%, to 51,952.20, the day’s best performer. By contrast, the S&P 500 rose just 3.68 points, or 0.05%, to 7,411.97, while the Nasdaq fell 161.87 points, or 0.64%, to 24,975.82. The small-cap Russell 2000 slipped 0.35%.
A losing week for all three indexes
Despite Friday’s split, each index closed the week down. The Dow fell 0.38%, the S&P 500 lost 0.61%, and the Nasdaq dropped 2.13% over the five sessions.
Individual stocks told a sharper story than the headline moves. Tesla was the week’s biggest loser, sinking 17.81%, while Moderna fell 12.57% and CrowdStrike dropped 9.75%. Among megacaps, Meta Platforms lost 7.87% and Alphabet fell 7.81%.
Defense and chip names buck the trend
Not every corner sold off. Super Micro Computer jumped 24.48%, the week’s biggest gainer, and Lockheed Martin rose 14.51%. According to Investinglive, capital rotated toward companies with strong earnings, defense-related names, and select semiconductor stocks, while many high-flying AI-related names were hit by profit-taking.
Yields and oil sharpen the backdrop
Broader markets stayed unsettled on Friday. According to Reuters, the benchmark 10-year U.S. Treasury yield hit a more than 18-month high of 4.7135%, climbing 14 basis points on the week.
Meanwhile, higher oil prices stoked concerns about inflation. Brent crude surged 7% overnight to a two-month high of $102 before easing back. Traders now see a one-in-three chance of a Fed rate hike as soon as next week.
On the charts, the Nasdaq remains above its 100-day moving average at 24,709, which Investinglive says keeps the longer-term bullish bias intact. Meta, Roblox, and Chipotle are among the week’s losers scheduled to report next week, setting up the next test for the tape.
Sources: Investinglive, Reuters via Investing.com
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