Wall Street Ends Week on High Note

Positive IPO news, optimism around trade relations, and a robust tech sector propelled Wall Street to close higher on Friday. Highlights included Heartflow's impressive 58% surge on Nasdaq and Firefly Aerospace's 56% leap on NYSE, signaling strong investor confidence.

Tech and Trade: The Dual Engines of Growth

The semiconductor sector breathed easier as tariffs appeared less severe than anticipated, with TSMC's exemption from new chip tariffs marking a significant relief. Meanwhile, President Trump's latest reciprocal tariffs had minimal market impact, further buoying investor sentiment.

Apple's announcement of a $600 billion US investment plan, coupled with a 13% stock increase, underscored the tech sector's pivotal role in driving market gains. Cryptocurrencies also saw an uptick, fueled by administrative signals about their inclusion in retirement plans.

Market Figures at a Glance

By the close, the Dow Jones Industrial Average had climbed 0.47%, with Apple leading the charge with a 4.24% rise. The Nasdaq 100 and S&P 500 followed suit, advancing 0.95% and 0.78% respectively, as Gilead Sciences Inc. surged 8.24%. The euro dipped slightly against the dollar, trading at $1.16425.