The stock market saw significant gains on Friday, with the S&P 500 and the Dow both rising and setting new records. This positive momentum was fueled by Nvidia's impressive fourth-quarter earnings report, which exceeded expectations and sparked a global rally in the technology sector. As a result, the chipmaker is now eyeing a valuation of $2 trillion, highlighting the continued strength of the market.
Investors ended the week on a high note, with the Dow Jones futures jumping to new highs thanks to Nvidia's strong performance. However, some analysts suggest that a longer pause in the market would be welcome to ensure sustainable growth. Despite this, companies like AMD and Microsoft are also positioning themselves for success, setting up for potential gains in the near future.
While stocks were relatively unchanged on Friday as markets took a pause from the rally, the overall sentiment remains positive. Asian markets were mixed following Nvidia's stellar results, with technology stocks leading the way. The S&P 500 index reached another record high, marking its sixth consecutive winning week.