Stocks ended the week higher as continued enthusiasm for AI and technology shares helped lift the major U.S. indexes. The Dow Jones Industrial Average (DJIA) rose 0.29% to 52,637.01, while the S&P 500 (SPX) gained 0.42% to 7,575.39. The Nasdaq 100 (NDX) advanced 0.33% to 29,825.11.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
The 10-year U.S. government bond yield stood at 4.56%, up 0.18%. Gold (CM:XAUUSD) declined 0.77% to $4,120.20, oil (CM:CL) slipped 0.03% to $71.62, and Bitcoin (BTC-USD) gained 1.71% to $63,899.14.
AI Optimism Keeps Stocks Moving Higher
Technology and AI-linked companies remained the main source of support for the market.
SK hynix Inc. (SKHY) jumped 13% in its U.S. market debut after opening at $171. The company’s CEO also said the global memory chip supply shortage could continue beyond 2030, reinforcing expectations for strong pricing and demand across the industry.
