Wall Street Climbs With Boost From AI Sector/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ Wall Street saw a broad rally Friday morning, with AI and tech stocks fueling gains across indexes. The S&P 500 and Nasdaq moved toward weekly increases, led by big moves in Nvidia and Oracle. Investor optimism also followed earnings reports and positive momentum in global markets.
Wall Street Weekly Rally + Quick Looks
- S&P 500 rose 0.8%, extending Thursday’s gains
- Dow Jones added 283 points; Nasdaq up 1%
- Nvidia, Broadcom, and Oracle fueled AI-driven surge
- Oracle rose 7% on TikTok joint venture deal
- Nike shares fell nearly 10% despite strong earnings
- Winnebago surged 10.7% after beating profit forecasts
- Japan’s Nikkei 225 gained 1% after rate hike
- European markets also reported moderate increases
Wall Street Climbs With Boost From AI Sector
Deep Look
NEW YORK — Wall Street pushed higher Friday morning as major indexes rallied on the strength of technology and artificial intelligence stocks, setting the stage for potential weekly gains.
The S&P 500 climbed 0.8%, building on its rebound from Thursday’s gains. The Dow Jones Industrial Average was up 283 points, or 0.6%, by mid-morning, while the Nasdaq Composite gained 1%, putting it firmly on track for a positive weekly close.
The surge was once again driven by investor enthusiasm for AI-focused tech companies. Nvidia jumped 3.4%, and Broadcom rose 2.4%, extending a trend of significant gains seen in recent weeks amid optimism around AI-related growth.
Oracle led headlines with a sharp 7% gain following the announcement of a new U.S. TikTok joint venture. The software giant will partner with Silver Lake and MGX, each taking a 15% stake in the short-form video platform. The joint venture aims to ensure TikTok can continue operating in the U.S. amid ongoing regulatory scrutiny.
While tech and AI sectors lifted sentiment, other areas of the market presented mixed results. Nike shares dropped 9.6% after the sportswear company posted strong earnings but warned of pressure from tariffs, which clouded its positive profit report.
Food sector losses were led by Lamb Weston, a frozen potato product manufacturer, which saw shares tumble 19.8% despite beating Wall Street’s expectations on revenue and profit. Analysts pointed to inflation and supply chain issues continuing to disrupt the industry.
On the upside, Winnebago Industries surged 10.7% after reporting quarterly results that easily beat analyst forecasts, with strong consumer demand driving profit and revenue.
Investor focus remains sharp on earnings performance, inflation trends, and the broader impact of tariffs across industries. Traders are also watching central bank policy moves globally.
In Japan, stocks rose after the Bank of Japan raised its benchmark interest rate to its highest point in three decades. The Nikkei 225 gained 1%, helping lead a rally across Asian markets.
Meanwhile, European markets posted moderate gains, reflecting global investor optimism as inflation data and earnings figures continue to shape economic outlooks heading into 2026.
This latest momentum highlights a resilient equity market, even as challenges persist across sectors due to tariffs, inflation, and shifting monetary policies. Tech and AI, however, remain the backbone of Wall Street’s late-year rally.
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