Nasdaq logs best week of 2025 as Dow, S&P 500 notch third-straight weekly gain

The three main averages closed out the week with beneficial properties on Friday because the Nasdaq 100 rose to a file excessive and traders digested a collection of tariff updates together with inflation and retail gross sales information.

The S&P 500 (^GSPC) fell slightly below the flatline, whereas the Nasdaq Composite (^IXIC) rose 0.4% and the tech-heavy index notched its finest week of the 12 months. Each indexes prolonged beneficial properties for a 3rd week in a row. In the meantime, the Dow Jones Industrial Common (^DJI) fell 0.4%.

Huge Tech led this week’s beneficial properties as Nvidia (NVDA), Apple (AAPL), and Meta (META) had been on observe to shut out the five-day interval in optimistic territory.

Nvidia, which revealed a change-up in its fairness holdings on Friday, was on tempo to achieve 6% this previous week.

Tech big Apple outperformed the “Magnificent Seven” shares over the previous 5 buying and selling days to achieve greater than 7%.

New information out Friday confirmed retail gross sales declined greater than anticipated within the first month of 2025.

Subsequent Monday, the inventory market can be closed for President’s Day. The key common will reopen on Tuesday.

Yahoo Finance’s Claire Boston experiences:

Employees on the US Division of Housing and City Growth are bracing for deep staffing cuts in divisions that present housing help, examine discrimination, and compile market information and analysis.

In all, round 50% of HUD workers are anticipated to lose their jobs amid President Donald Trump and Elon Musk’s broad efforts to cut back the dimensions of the federal authorities, mentioned Antonio Gaines, president of AFGE Council 222, which represents HUD employees. Staff on the Federal Housing Administration, the workplace answerable for insuring mortgage loans, don’t look like affected, he mentioned.

Learn extra right here.

Huge Tech led this week’s beneficial properties as Nvidia (NVDA), Apple (AAPL), and Meta (META) had been on observe to shut out the five-day interval in optimistic territory.

Nvidia, which revealed a change-up in its fairness holdings on Friday, was on tempo to achieve 6% this previous week.

Tech big Apple outperformed the “Magnificient Seven” shares over the previous 5 buying and selling days to achieve greater than 7%.

In the meantime Meta (META) takes the highest performer slot year-to-date as shares of the social media big hit new all-time highs on Friday.

Over the previous 5 buying and selling days, Meta is up greater than 3%.

Yahoo Finance’s Laura Bratton experiences:

Intel (INTC) inventory was set to notch a 23% weekly acquire Friday, the biggest since 2000, in a rally fueled by US Vice President JD Vance’s bullish feedback on home AI chip manufacturing earlier this week and investor hypothesis over a three way partnership with TSMC (TSM).

Intel’s weeklong rally started after Vice President JD Vance spoke about home chip manufacturing throughout an deal with on the AI Summit in Paris on Tuesday. Vance mentioned the Trump administration would “guarantee” that AI within the US is constructed “with American designed and manufactured chips.” Shares of Intel jumped 6% following the feedback.

Learn extra right here.

Yahoo Finance’s Ben Werschkul experiences:

Donald Trump usually centered on common tariffs final 12 months, however that marketing campaign path thought has been deemphasized, a minimum of within the early levels of his new administration, in favor of this week’s newly introduced plan for a reciprocal-first method to tariffs.

Reciprocal is “the one truthful option to do it,” Trump mentioned just lately.

The brand new presidential memorandum signed Thursday will launch research of unfair commerce conditions and kick off negotiations with nations that may very well be impacted in a course of that’s set to come back to a head in April.

Learn extra right here.

Yahoo Finance’s Jordan Weissman experiences:

The Trump administration is planning to hole out the Shopper Monetary Safety Bureau (CFPB) by firing 95% of its employees whereas canceling the lease on its Washington, D.C., headquarters, based on a federal lawsuit geared toward stopping the strikes.

If profitable, the mass layoffs would go away behind solely the skeleton of an company charged with policing the way in which massive banks and different monetary companies corporations like payday lenders and credit score bureaus deal with prospects.

The CFPB is at present shuttered after performing Director Russell Vought ordered employees to halt all work and keep residence from the workplace this week. It has additionally begun shedding dozens of employees and canceling contracts with distributors and knowledgeable witnesses.

Learn extra right here.

Oil swung from beneficial properties to losses on Friday as merchants weighed the prospects of retaliatory US tariffs with provide implications from stricter US coverage towards Iran.

West Texas Intermediate crude (CL=F) pared beneficial properties to fall beneath the flatline whereas Brent futures (BZ=F) had been barely on tempo to interrupt a three-week shedding streak.

Oil gained earlier on Friday on provide worries after Treasury Secretary Scott Bessent instructed Fox Information, “We’re dedicated to bringing the Iranians to going again to 100,000 barrels per day of exports, as when Trump left workplace.”

In the meantime on Thursday President Trump mentioned instructed his employees to give you a retaliatory tariff plan inside 180 days. Commerce Secretary Howard Lutnick mentioned the plan could be prepared by April 1.

“The demand image stays in query close to time period because the retaliation of even increased US tariffs might hamper world demand,” Dennis Kissler, senior vice chairman at BOK Monetary, wrote in a observe to purchasers on Friday.

Yahoo Finance’s Myles Udland writes:

Nvidia (NVDA) on Friday disclosed its newest fairness holdings, and the reveal led to some wild swings within the fortunes of corporations that noticed their shares purchased or offered by the chip big.

The most important winner early Friday was WeRide (WRD), a Chinese language autonomous driving play, that noticed its inventory almost double. Nvidia disclosed a brand new stake within the firm of round 1.8 million shares, value about $57 million at Friday’s market costs.

WeRide inventory rose as a lot as 90% in early buying and selling.

Nebius Group (NBIS), a Netherlands-based AI firm that was break up out of Russian search big Yandex final 12 months, noticed its inventory rise as a lot as 14%. Nvidia disclosed a brand new 1.2 million share place value about $56 million at Friday’s market costs.

Nvidia declined to touch upon the adjustments to its fairness portfolio.

On the flip aspect, Serve Robotics (SERV) inventory was getting hammered, falling as a lot as 40% after Nvidia disclosed that it closed out its place within the robotics firm throughout the fourth quarter.

Learn extra right here.

New information out Friday confirmed retail gross sales declined greater than anticipated within the first month of 2025.

Headline retail gross sales fell 0.9% in January, greater than the 0.2% decline economists had anticipated, based on Bloomberg information. This marked the biggest month-over-month decline in retail gross sales since January 2024.

Retail gross sales in December had been revised as much as 0.7% from a previous studying that confirmed a 0.4% enhance within the month, based on Census Bureau information.

“The standard vacation hangover & a nasty winter freeze mixed to chill topline retail gross sales,” RSM chief economist Joe Brusuelas wrote in a publish on X.

Learn extra right here.

Tesla Inc. (TSLA) has misplaced 1 / 4 of its worth in lower than two months — wiping out roughly $400 billion from a rip-roaring post-election rally. Whereas some traders would possibly see this as a chance to purchase the dip, Wall Avenue stays cautious.

Bloomberg Information experiences:

Learn extra right here.