Nasdaq Rises as Tesla (TSLA) and Nvidia (NVDA) Lead Gains

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Major indices extended gains, marking four consecutive days of increases. This week, the Dow Jones climbed 2.46%, the Nasdaq soared 6.73%, and the S&P 500 added 4.59%. The Dow ended up 20.10 points or 0.05% at 40,113.50, the Nasdaq increased 216.90 points or 1.26% to 17,382.94, and the S&P 500 advanced 40.44 points or 0.74% to 5,525.21. Tesla (TSLA, Financial) jumped 9.8%, and Nvidia (NVDA) rose 4.3%, while the Nasdaq Golden Dragon China Index fell 0.4%, and XPeng (XPEV) dropped 3.5%.

Meanwhile, the European market saw gains across major indices, with the German DAX30, UK FTSE 100, and others showing positive trends. In the forex market, the ICE US Dollar Index increased 0.35% by Friday's close, reaching 99.580.

In the cryptocurrency space, Bitcoin rose over 1% to $94,977.29, and Ethereum increased over 1.5% to $1,796.47. On commodities, spot gold fell 0.99% to $3,316.17 per ounce, while oil prices saw moderate gains.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.