The Dow and S&P 500 indexes ended higher on Friday, starting 2026 by snapping a four-day losing streak, helped by gains in chip makers Nvidia, Intel and Boeing.
Market Snapshot
The Dow Jones Industrial Average .DJI rose 319.10 points, or 0.66%, to 48,382.39, the S&P 500 .SPX gained 12.97 points, or 0.19%, to 6,858.47 and the Nasdaq Composite .IXIC lost 6.36 points, or 0.03%, to 23,235.63.
Market Movers
Tesla dropped 2.6% after rising earlier in the day. The electric-vehicle maker delivered 418,227 cars in the fourth quarter, below the company-compiled consensus forecast of 422,850 vehicles. Tesla delivered 496,000 cars in the same quarter in 2024.
Rivian Automotive fell 1.5% after rallying at the open. The EV company produced 10,974 cars and delivered 9,745 in the fourth quarter, with both numbers landing in line with Rivian's expectations.
U.S.-listed shares of NIO rose 0.8% after the Chinese EV maker delivered 48,135 vehicles in December, up 55% from a year earlier. XPeng was up 0.7% as deliveries last month rose 2% and jumped 126% in 2025, while Li Auto gained 1.9% even after it posted deliveries in December of 44,246 vehicles, down 24% from last year.
China's largest EV maker, BYD, said it sold 420,398 units in December, passing Tesla as the largest seller of all-electric cars on the planet. Its Hong Kong shares rose 3.6%.
American depositary receipts of Baidu jumped 15%. The Chinese internet company said Friday that its artificial-intelligence-chip unit Kunlunxin has confidentially filed an application to list on the Hong Kong stock exchange.
Newmont Mining was up 1.4% as gold and silver prices declined after climbing overnight. Shares of the world's largest gold miner have risen 160% over the past 12 months amid a surge in precious metals.
Western Digital rose 9%. The supplier of hard disk drives, used for high-capacity data storage, was the best performer in the S&P 500 last year, with shares rising 282%.
Memory chip maker Micron Technology rose 11%, starting off 2026 right where it left off in 2025, when it climbed 239%. Flash-memory peer and somewhat new S&P 500 constituent Sandisk jumped 16%. The pair were the two top stocks in the large-cap index on Friday.
Vertiv Holdings LLC rose 8.4%. Barclays analyst Julian Mitchell upgraded shares to Overweight from Equal Weight, arguing that the company, which makes cooling solutions for data centers, tends to offer conservative guidance and has the potential to beat expectations when it reports earnings in February.
Wayfair rose 6% and RH gained 8% after President Donald Trump delayed by a year tariff increases on upholstered furniture, kitchen cabinets, and vanities that were set to go into effect Thursday.
Sable Offshore surged 30% after a federal court denied environmental groups' request to halt the restart of the company's oil pipeline in central California. Litigation will continue in 2026, but Benchmark Equity Research said the pipeline system was now "the closest it has been to a restart."
AppLovin Corporation tumbled 8.2%, extending its losing streak to seven sessions and making it the worst performer in the S&P 500 on the day. It wasn't immediately clear what sent shares of the mobile advertising giant spiraling. The stock more than doubled in 2025.
Embattled biotech Ironwood Pharmaceuticals soared 26% after the company said it expects revenue of $450 million to $475 million this year, a significant jump from 2025. The company sells the irritable-bowel-syndrome treatment Linzess in partnership with AbbVie, whose shares rose 0.4% Friday.
Market News
Short interest in Trump Media climbs after recent rally, S3 Partners says
Short interest in U.S. President Donald Trump's social media company has jumped following a recent merger announcement, suggesting some traders expect the stock to give back more of its recent gains, according to financial data firm S3 Partners.
Shares of money-losing Trump Media & Technology Group DJT.O are up over 30% since December 18, when it announced a $6 billion merger with Google-backed TAE Technologies. The stock had jumped as much as 63% in the two days following the announcement.
President Trump orders divestment in $2.9 million chips deal to protect US security interests
President Donald Trump on Friday ordered the unraveling of a $2.9 million computer chips deal that he concluded threatened U.S. security interests if the current owner, HieFo Corp., remained in control of the technology.
The executive order cast a spotlight on a business deal that drew scant attention when it was announced in May 2024 during President Joe Biden's administration. The deal involved aerospace and defense specialist Emcore Corp. selling its computer chips and wafer fabrication operations to HieFo for $2.92 million — a price that included the assumption of about $1 million in liabilities.
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