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NVIDIA, Tesla’s leading tech stock rebound: What was driving the market on Friday? -SPDR S&P 500 (ARCA: SPY)

Stocks recovered on Friday, with all three major indices green Nvidia Corp. NVDA Up 1.37%, Tesla Inc TSLA Up 2.71%.

The data released by PCE before the opening also provided some relief for investors as the price index marked its first decline in four months. Data from CME FedWatch tools show that the data strengthens the bet of about two-two of the Fed’s interest rate in 2025.

Read more: Fed’s preferred inflation meter mark slows for the first time in 4 months (Updated)

The yield on U.S. Treasury notes for 10 years fell to 4.25% after falling more than 15bps in two months this week and falling more than 15bps this week. Personal spending unexpectedly slipped in January, revenue soared, and tariff concerns continued to correspond to future growth.

this iShares Fiscal Bond ETFs over 20 years TLT Up 0.31%.

Cryptocurrency continues to sell as investors’ sentiment drops sharply after the market Bitcoin BTC/USD The decline was below $79,000 late Thursday, down 24% from its January peak at $109,590.

Cryptocurrency price Market value 24-hour trend 7-day trend
XRP XRP/USD $2.14 $124.3 billion -2.6% -17.9%
Bitcoin BTC/USD $83,826.89 $1.7 trillion -2.1% -14.1%
Ethereum ETH/USD $2,216.48 $267.4 billion -4.7% -18.2%
Main indicators price 1 day %CHG.
Nasdaq 100 18,635.47 0.48%
S&P 500 5,887.77 0.45%
Dow Jones Jones 43,455.42 0.50%
Russell 2000 2,152.96 0.62%

According to Benzinga Pro data:

  • this SPDR S&P 500 ETF Trust spy Up 0.49% to $587.94.
  • this SPDR Dow Jones Industrial Average diameter Climbed to 0.58% to $434.87.
  • high tech Invesco QQQ Trust Series QQQ Up 0.65% to $503.50.
  • this Ishares Russell 2000 ETF IWM Up 0.61% to $213.70.
  • this Consumer Free Choice Department SPDR Fund XLY Up 0.9% to $214.35.
  • this Energy Selection Department SPDR Fund XLE Up 0.5% to $90.06.

Friday’s stock move:

Vaccine manufacturer’s stock Novavax, Inc. NVAX On Friday, the company reported smaller fourth-quarter losses and announced a change in the company’s strategy from its Covid-19-19 vaccine announced.

Stocks that respond to company earnings reports include:

  • Rocket Lab USA, Inc. RKLB
  • Soundhound AI, Inc. Soun
  • Dell Technologies Dell
  • Duolingo, Inc. Duol
  • Sunrun Inc. running
  • Archer Aviation Inc. Achr
  • Talen Energy Corporation TLN
  • Clover Health Investments, Corp. Clov
  • Edison International EIX

Companies reporting earnings on Monday include:

  • Plugin Power, Inc. plug
  • B. Riley Financial, Inc. Rily
  • Cabin 8 Corp. cabin
  • Okta, Inc. Okta
  • Gitlab Inc. GTLB
  • Nuscale Power Corp. SMR
  • AST Spacemobile, Inc. asts
  • Emerging Biosolutions Company EBS
  • Sunni Energy International Nova

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Image: shutterstock

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