From Nasdaq, Inc.:

Wall Street continues its winning streak, with the S&P 500 index surpassing 5,000 and the Nasdaq approaching 18,000 points, marking the fifth straight week in the green. NVIDIA Corp. is up nearly 50% since the year began, surpassing $1.8 trillion in market capitalization. The Russell 2000 index of small-caps has again reached the 2,000 mark, outperforming large-caps. The Consumer Price Index for the fourth quarter of 2023 remained largely unchanged. Bitcoin surged more than 5% to over $47,000 in its biggest weekly rally in four months, with newly launched Bitcoin spot ETFs accumulating over 200,000 coins worth $9.56 billion. (Benzinga)

The Magnificent Seven rose to a combined market cap of $13.2 trillion, almost half the size of the rest of the 493 stocks within the S&P 500. Major indices saw gains, with the Russell 2000 rising 1.3%, Nasdaq 100 up 0.9%, S&P 500 up 0.4%, and Dow Jones down 0.2%. Shares of SPDR S&P 500 ETF Trust and SPDR Dow Jones Industrial Average performed well, while the Invesco QQQ Trust rose. (Benzinga)

Enphase Energy Inc. rose over 6% following a bullish momentum and positive 2024 outlook, while First Solar Inc. also rose by nearly 6%. New York Community Bancorp rallied 11% after company executives and board members bought nearly $1 million of the battered stock. Expedia Group Inc. tumbled nearly 20% despite beating revenue and profit estimates last quarter. Cloudfare Inc. rose over 20% following stronger-than-expected results last quarter. (Benzinga)



Read more: S&P 500 Claims 5,000 As Tech Soars, Bitcoin Rockets Above $47,000: What’s Driving Markets Friday?