Dow Jones Today: Stocks Rise as Market

 Dow Jones Today:

Stocks moved higher Friday morning as the market looks to shake off a sluggish start to 2025.

The Dow Jones Industrial Average was up 0.6% in recent trading, while the S&P 500 and Nasdaq Composite added 0.8% and 1%, respectively. The S&P 500 and Nasdaq entered Friday on five-session losing streaks, while the Dow has closed lower on four straight days. Stocks stumbled at the end of 2024—the Dow posted its worst month in more than two years in December—after riding high for most of the year.

Shares of major tech companies, which have been among the big decliners in the market's recent downturn, were mostly higher on Friday. AI chipmaker Nvidia (NVDA) was leading the charge, up 3.5%, ahead of an eagerly awaited speech by CEO Jensen Huang that's scheduled for Monday.

Tesla (TSLA) shares, which have lost 18% of their value in the past five sessions, were up 2% this morning, while Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Broadcom (AVGO) also gained ground.

Apple (AAPL), which last week was on the cusp of becoming the first company ever to surpasses $4 trillion in market capitalization, was down 0.2%. Meta Platforms (META) was also down slightly.

Shares of U.S. Steel (X) were down 7% this morning after President Joe Biden decided to block the $14.1 billion sale of the American company to Japan's Nippon Steel.

In other markets, bitcoin was little-changed at around $97,600, gold futures were down 0.4% at $2,660 an ounce and WTI crude oil futures were up about 1%.

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The yield on 10-year Treasurys, which is sensitive to expectations for future interest rates, was holding steady at 4.58%.

Since Donald Trump’s election win in early November, the stock has gained more than 30% amid optimism that his administration and a crypto-friendly Republican Congress will position the United States as a global cryptocurrency leader, creating a more favorable regulatory environment for exchanges like Coinbase.

Looking ahead, the company also sits well positioned to benefit for increased trading activity, with Bitcoin (BTCUSD) still hovering just below the $100K level and other large-cap altcoins, such as Ethereum (ETHUSD) and Solana (SOLUSD), performing strongly since the election.

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Coinbase shares were up more than 3% at around $266 in recent trading, after gaining more than 3% yesterday.