The Dow Jones Industrial Average and other major indexes finished in positive territory Friday as President Donald Trump fired a counterstrike to the Supreme Court ruling that struck down some tariffs. Amazon.com (AMZN) outperformed on the Dow with a gain of more 2%, while Alphabet (GOOGL) was among the stocks leading the Nasdaq higher on the stock market today.
Meanwhile, Nvidia (NVDA) rose ahead of its earnings report.
On Friday, the Dow Jones industrials rose 0.5%, eyeing the 50,000 level again, and the S&P 500 added 0.7%. The tech-heavy Nasdaq composite led the charge, gaining 0.9%. Small caps on the Russell 2000 lost a fraction.
Nine of the 11 S&P 500 sectors gained, with energy and health lagging. Communication services, consumer discretionary and technology gained the most.
Volume on the New York Stock Exchange and on the Nasdaq was higher compared with the same time on Thursday. Advancers outnumbered decliners by less than 3-to-2 on the NYSE and 8-to-7 on the Nasdaq.
The yield on the benchmark 10-year Treasury note rose one basis point to 4.09%. West Texas intermediate oil futures ticked up near $66.50 a barrel.
3:31 p.m. ET
Stock Market Today: Gold Rises
In commodities, gold rose more than 2%, solidifying its hold on a $5,000-per-ounce level. Oil was slightly higher near $66.50 a barrel.
In economic news, new home sales — as issued jointly by U.S. Bureau of the Census, U.S. Commerce Department and the U.S. Department of Housing and Urban Development — came in at 758,000 in November, vs. estimates of 735,000. For December, sales fell to 745,000 but beat expectations of 728,000.
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2:50 p.m. ET
Nvidia Rises With Earnings On Tap
Nvidia edged higher Friday, building support at its 50-day moving average within a consolidation base that has a buy point of 212.19. The Dow leader plans to announce its fourth-quarter results on Wednesday after the market close.
2:13 p.m. ET
Trump Announces New Global Tariff; E-Commerce Stocks Gain
Speaking after the court ruling against tariffs, Trump mentioned alternatives that he could resort to and said he may be able to order new tariffs. Trump announced he would sign a 10% global tariff Friday.
Earlier, on Friday, the Supreme Court ruled 6-3 that the International Emergency Economic Powers Act “does not authorize the President to impose tariffs.”
E-commerce stocks jumped as a result of the high court’s tariff ruling. Etsy(ETSY) and eBay (EBAY) rose more than 3%. Furniture retailer Wayfair (W) gained 2%. Williams-Sonoma (WSM) rose in a buy zone above a buy point of 210.59.
1:08 p.m. ET
Stock Market Today: Alphabet Leads Nasdaq
Google-parent Alphabet gained 4% and was a top performer on the Nasdaq, followed closely by software maker AppLovin (APP). Alphabet is a position in IBD Leaderboard. On Friday, shares approached their 50-day moving average after they had triggered a sell signal from a buy point of 328.83.
12:07 p.m. ET
Data Center Play Breaks Out
Among Friday’s breakouts, Fabrinet (FN) cleared a buy point of 531.22 as it jumped more than 6%.
The stock’s blue dot, which accompanies breakouts when a stock’s relative strength line is at a new high, can be seen on both the daily and weekly charts on IBD MarketSurge. Fabrinet makes optical equipment used in data centers.
11:27 a.m. ET
Amazon, Nvidia Outperform
After a sharp two-week sell-off, Amazon was poised for its fourth straight gain with a 2.5% rise. Nvidia (NVDA) also outperformed in the Dow, up 1% ahead of next week’s earnings report.
AppLovin (APP), caught up in the software sell-off in recent weeks, added 4%. Bloomberg reported that the software platform for app developers is considering its own social media platform.
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Concert promoter Live Nation (LYV) jumped nearly 5% after the company reported revenue that topped views due to strong concert demand. Sponsorship and ad revenue increased 17% to nearly $330 million.
The IBD 50 index of leading growth stocks delivered plenty of strong movers including asset manager Sprott (SII), which soared 8% to an all-time high after reporting earnings.
IBD 50 firm Applied Optoelectronics (AAOI) soared more than 10%, helping fuel the Telecom-Fiber Optics group, the top-rated industry group in IBD’s database, to a gain of 2.6%. Earnings are due next week.
10:30 a.m. ET
Winners, Losers On Stock Market Today
Comfort Systems (FIX), an IBD Sector Leader, jumped more than 4% after reporting blowout fourth-quarter results. Profit more than doubled from the year-ago quarter, while revenue grew 42% to just over $2.6 billion. The company also upped its dividend to 70 cents a share from 60 cents. The heating, ventilation and air conditioning firm is in a new growth phase thanks to the proliferation of data centers.
Cancer diagnostics firm Guardant Health (GH) was off highs but still rose more than 3% after the company reported its third straight quarter of 30%-plus revenue growth and offered a full-year revenue outlook that was slightly ahead of expectations.
But industry group peer Grail (GRAL) got crushed, falling more than 40%. Shares crumbled after the company reported earnings, but said a key trial for its early cancer detection test called Galleri failed to meet its primary endpoint.
Elsewhere, Vicor (VICR) plunged more than 15% early, but reversed higher above its 50-day moving average after reporting a 339% surge in quarterly profit. One issue was that revenue growth decelerated from the third quarter, but was mostly in line with estimates. Vicor’s industry group — Electronics-Parts — is home to big stock market winners and other artificial intelligence infrastructure stocks like Coherent (COHR), Amphenol (APH), and Bel Fuse (BELFB).
9:48 a.m. ET
Nasdaq 100 Winners, Losers: AppLovin, Walmart
Among the Nasdaq 100 stocks, AppLovin (APP) and Micron Technology (MU) rallied 3.5% and 2%, respectively, making them some of the best performers just after the market open.
Meanwhile, Copart (CPRT) and Walmart (WMT) sold off nearly 7% and more than 2%, respectively, in morning trading.
9:25 a.m. ET
Dow Jones Movers: Amazon, Nvidia
Within the Dow Jones industrials, Amazon (AMZN) climbed modestly in premarket trade, on pace to extend a winning streak to four sessions.
On the downside, Microsoft (MSFT) and Nvidia (NVDA) declined nearly 1% each in early morning action.
8:46 a.m. ET
Stock Market Today: Surprise Inflation Data, Weak GDP
Early Friday, the Commerce Department said the core Personal Consumption Expenditures price index for December climbed 0.4% on the month, with a year-over-year rise of 3%, both hotter than expected. The core PCE price index was anticipated to rise 0.3% on the month, with an annual increase of 2.9%.
Meanwhile, the Commerce Department also said fourth-quarter GDP came in at 1.4%. That was below estimates that called for a growth rate of 2.8%.
8:11 a.m. ET
Stock Market Today: Grail Crashes On Test Results
Health care leader Grail crumbled by nearly 49% premarket Friday after the company said its Galleri multi-cancer blood test failed to meet its primary endpoint of reducing late-stage cancers.
Late Thursday, Grail said its cancer screening test Galleri did not result in a “statistically significant reduction” in stage 3 and 4 cancer in a U.K. National Health Service trial of more than 142,000 people between the ages of 50 and 77.
In recent weeks, shares had triggered a sell signal from a 108.93 buy point when they fell more than 7% below the entry. The stock was on pace to tumble below its long-term 200-day moving average.
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Earnings Mover: Comfort Systems
One earnings mover Friday was Comfort Systems (FIX) while Onto Innovation(ONTO) didn’t see much reaction to its profit report.
Comfort Systems shares rallied more than 4%, on pace to hit more record highs. Shares of Onto Innovation were flat in premarket trading, still far extended from their 50-day line.
Stock Market Today: Fed Inflation Rate, Trump Tariff Decision Next
On tap for Friday morning is the release of the Fed’s primary inflation rate, the core Personal Consumption Expenditures price index, for December. The core PCE price index is anticipated to rise 0.3% on the month, with an annual increase of 2.9%. That’s anticipated out at 8:30 a.m. ET.
Also expected at 8:30 a.m. ET is the initial estimate of fourth-quarter GDP. GDP is seen at a growth rate of 2.8% after a 4.4% jump in the third quarter, according to Econoday estimates.
Finally, a potential Supreme Court decision on the legality of about half of the Trump tariffs put in place in 2025 is highly anticipated Friday morning. The outcome of the case has important implications for the fiscal deficit, interest rates, Trump’s legislative agenda and potentially the midterm elections.
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