US stocks rebounded on Friday, with the Dow surging over 1.5% and the S&P 500 rising 1%. The Nasdaq also added roughly 0.9%, retracing sharp closing losses. Despite the bounce back, the S&P 500 and Nasdaq are still set for weekly losses for 2026 due to negative territory. Bitcoin climbed back above $68,000 after touching a 16-month low but is on track for its worst weekly performance since 2022. Strategy revealed a loss for the quarter but saw shares rise over 13% on Friday as the CEO played down debt-servicing risks. Amazon’s shares tumbled 9% as it outlined plans for a massive 2026 jump in spending to at least $200 billion.
Nvidia stock spiked 4.6% in Friday morning trading as Big Tech’s 2026 capex is set to surpass $600 billion, with Microsoft, Amazon, Alphabet, and Meta leading the way. Amazon plans to spend around $200 billion, Alphabet between $175 billion and $185 billion, Meta from $115 billion to $135 billion, and Microsoft at about $145 billion in capex. If the four companies continue at the same rate, they could collectively spend around $635 billion to $665 billion, marking a significant increase from 2025. Despite the ongoing decline in bitcoin, Strategy stock jumped 6% on Friday, with the company holding 713,502 bitcoins at an average purchase price of $76,052.
Hims & Hers Health and Novo Nordisk stocks saw a reversal of fortunes on Friday morning after the FDA announced a crackdown on GLP-1 copycat drugs amid fierce competition in the weight-loss drug market. Shares of Hims & Hers fell around 7%, while Novo Nordisk stock jumped 7% following the news. Molina Healthcare, Doximity, and Coty all saw premarket declines after Molina forecasted 2026 profit below expectations, Doximity lowered its full-year sales outlook, and Coty withdrew its fiscal year guidance. Stellantis stock cratered over 20% after warning of a €22.2 billion charge as it scales back its EV push.
Reddit stock jumped 7% after posting upbeat Q4 results and positive guidance. Roblox forecasts strong annual bookings as momentum grows on its gaming platform. Silver prices spiked due to low liquidity after a steep decline, while Bitcoin slump hits retail investors expecting a governmental pro-crypto boon.
Read more at Yahoo Finance: Dow leads S&P 500, Nasdaq higher as Wall Street rebounds from AI tech rout