Stocks jumped on Friday, with technology stocks rallying, after a few days of aggressive selling in the industry, and bitcoin also recovered after a rout that dropped the popular cryptocurrency by more than 50 percent at one point.
The Dow Jones Industrial Average rose by 1,206.95 points or 2.47 percent to 50,115.67. It was the first time that the Dow surpassed the 50,000 mark on Friday. The S&P 500 increased by 1.97 percent, closing at 6,932.30, and the Nasdaq Composite rose by 2.18 percent to 23,031.21. Those moves pushed the S&P 500 into the green once again in 2026.
In spite of the pop on Friday, the S&P 500 experienced a 0.1 percent decrease over the week, with the Nasdaq showing a 1.8 percent week-to-week decrease.
The 30-stock Dow has also gained 2.5 percent this week to date, which was helped by some rotation into some more economically cyclical stocks despite the overall market being dragged down by tech selling.
Two of the most important winners on Friday were Nvidia and Broadcom, which were up almost 8 percent and 7 percent, respectively, after significant declines each had experienced earlier in the week.
Other shares like Oracle and Palantir Technologies also rebounded as investors re-examined some of the names at lower prices. Oracle and Palantir both increased by 4 percent.
However, some of the most crucial software stocks, such as ServiceNow, which have been the center of the tech sell-off with an artificial intelligence disruption fear, nonetheless held on Friday.
Falcon Wealth Planning founder Gabriel Shahin said, “We’re in a gold rush right now with AI.”
“You have the investment that Google is making, Nvidia is making, that Meta is making, that Amazon is making. There is money that will be deployed. It’s just the carousel [of money movement] sometimes scares people.”
Shahin expects that the market is in the midst of a “great recalibration,” where investors are going to move further out of growth stocks and into value. His bet in the next few months will be large-cap value names.
That worked out on Friday, as investors turned to the purchase of shares in sectors like industrial and financial. Caterpillar and Goldman Sachs were exemplary performers in those sectors, which can be credited with the performance of the Dow, which advanced by 7 to 4 percent, respectively.
Small-cap stocks also saw a boost: The Russell 2000 index advanced by up to 3.6 percent. Bitcoin had regained a portion of its losses on Friday, gaining by 10 percent and reaching a high point of $71,458.01, after falling briefly below $61,000 throughout the night to its lowest point since October 2024, nearly 52 percent below its record high of $126,000 in early October 2025.
The upward movement on Friday helped to alleviate the risk-off fears among investors that had recently hit the rest of the market. The cryptocurrency has lost 16 percent this week.
The week had been grim before Friday, as the S&P 500 was set to fall to its worst week in nearly five months, and the Nasdaq Composite was headed to its worst week in five years since the market meltdown in April due to tariffs. Friday’s pop pared those declines significantly.
Amazon was a Friday outlier, with the stock plummeting by over 5 percent following the publication of earnings per share that were slightly lower than the forecast of analysts, along with a notice to investors that it would incur $200 billion of capital spending in the current year.
