Traders work on the floor of the New York Stock Exchange.<\/p>\n
NYSE<\/p>\n
U.S. stocks rose on Friday, lifted by Oracle<\/a>, as the artificial intelligence trade regained its footing after experiencing volatility.<\/p>\n The Nasdaq Composite<\/a> gained 1.31%, closing at 23,307.62. The S&P 500<\/a> climbed 0.88% to end at 6,834.50, while the Dow Jones Industrial Average<\/a> advanced 183.04 points, or 0.38% and settled at 48,134.89. It was the second winning day in a row for all three indexes.<\/p>\n Oracle shares were up 6.6% after TikTok agreed to sell<\/a> its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake.<\/p>\n The jump marks a turnaround for the stock, which came under pressure this week after a report revealed that the cloud infrastructure company lost a key backer<\/a> of one of its data center projects over worries about the company’s debt and AI spending levels. That dragged down<\/a> other stocks linked to AI, including Broadcom<\/a> and Advanced Micro Devices<\/a>. <\/p>\n Elsewhere, shares of AI chip darling Nvidia<\/a> rose about 4% after Reuters, citing sources familiar with the matter, reported that the Trump administration is reviewing the prospect<\/a> of the company selling its advanced AI chips to China. Earlier this month, President Donald Trump said that he will allow Nvidia<\/a> to ship its H200 AI chips to “approved customers” in the country.<\/p>\n Additionally, Micron Technology<\/a> shares extended their gains from the previous session, rising around 7%. The stock surged 10%<\/a> on Thursday after the company gave robust guidance for revenues<\/a> in the current quarter, providing reassurance to investors after recent sessions were swamped with jitters over the AI trade.<\/p>\n “The kind of onslaught of issuance from some of the hyperscalers, some of the AI trades, could weigh on markets into 2026,” Tom Garretson, senior portfolio strategist at RBC Wealth Management, said to CNBC. “But again, these are kind of some of the best-rated companies in terms of credit qualities. They obviously have the capacity to ramp up debt to finance some of this stuff.”<\/p>\n “We’re still counting on some of the capex spend kind of supporting a broader or probably better growth backdrop,” he also said.<\/p>\n This comes after the S&P 500<\/a> and the Dow<\/a> both snapped their four-day losing streaks in the previous session. With Friday’s moves, the broad-based index eked out a 0.1% gain, while the Nasdaq advanced 0.5%. The Dow, however, slipped 0.7%.<\/p>\n Nike<\/a> was among the day’s losers, as shares slid 10.5% after the sports apparel giant saw revenue in its Greater China market decline during the fiscal second quarter.<\/a> The company is also feeling the pain of tariff increases, noting a hit to its gross margins due to the levies.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange. NYSE U.S. stocks rose on Friday, lifted…\n","protected":false},"author":2,"featured_media":192506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[14683,2339,2708,138,553,607,65,2705,2185,219,220,18009,2707,2711,111,139,12219,5742,69,5746,2706,2710,2340,1430],"class_list":["post-192505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-advanced-micro-devices-inc","tag-breaking-news-markets","tag-broadcom-inc","tag-business","tag-business-news","tag-china","tag-donald-trump","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-economy","tag-markets","tag-micron-technology-inc","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-new-zealand","tag-newzealand","tag-nike-inc","tag-nvidia-corp","tag-nz","tag-oracle-corp","tag-sp-500-fut-sep25","tag-sp-500-index","tag-stock-markets","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/192505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=192505"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/192505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/192506"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=192505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=192505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=192505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}