Stocks post small loss, closing lower for the week |
After a day of whipsawing, both the S&P 500 and Nasdaq 100 closed slightly lower and posted weekly losses. The Russell 2000 beat the S&P 500 for the 11th consecutive session, the longest streak of outperformance for small caps since 2008. Chip stocks continued their rally as semiconductors also outperformed the benchmark index. Treasury yields rose as comments from President Trump lowered traders’ probabilities that known dove Kevin Hassett will become the next Fed Chair. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
Silver slumped as strategists recommended options trades for a potential sharp pullback in silver after its recent rapid gains. Stocks that moved higher: |
- A flurry of positive announcements, including a study and trial that showed encouraging results for non-chemo cancer treatments, made ImmunityBio the next short squeeze target for retail traders.
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Retail favorite and satellite-services-from-space play AST SpaceMobile jumped on news that it’s signed a deal as a “prime contract awardee” for the US Department of Defense’s Golden Dome project.
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Novo Nordisk shot higher as early data showed its prescription weight loss pill is off to "solid" start.
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GE Vernova rose on Trump’s push to get Big Tech to fund new power plants as AI drives up electricity costs.
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Imax rose as the Netflix CEO said the streamer would run Warner Bros. Discovery’s theatrical distribution business "largely like it is today.”
- Rocket Lab climbed after being upgraded to overweight from equal weight by Morgan Stanley.
- Micron rose after board member Mark Liu acquired $7.8 million worth of shares, per a new filing.
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Riot jumped as it announced fee simple acquisition of land and first data center lease with Advanced Micro Devices at the Rockdale site.
- Seagate Technology Holdings moved higher after being upgraded to neutral from negative by Susquehanna.
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By the end of the weekend, we’ll know the Final Four for this 2025-26 NFL season — and perhaps more than any recent season in recent memory, there’s a lot of uncertainty around who’ll be in that group of teams when the dust settles.
For more data-driven sports insights, subscribe to our new Scoreboard newsletter. |
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Google and Apple are going for the holy grail of AI chatbot integration, but it looks like Google is getting there first. Read more. |
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Next week, the small Swiss Alpine town of Davos will see its population swell, as over 3,000 participants — including President Trump and 850 executives from the world’s top companies — arrive for the World Economic Forum’s annual meeting.
While Switzerland usually hosts the summit, this year’s overcrowding represents a larger point of contention for many Swiss nationals, Bloomberg wrote on Friday, as the country mulls a proposal to cap its overall population at 10 million. Read more. |
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