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Barchart
Rich Asplund

Stocks Close Mixed as Nasdaq Posts a Record High on Chip Tech Stock Strength

Nasdaq Inflation United States JPMorgan Chase KeyBanc Capital Markets

The S&P 500 Index ($SPX) (SPY) Friday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.76%.  Dec E-mini S&P futures (ESZ24) fell -0.20%, and Dec E-mini Nasdaq futures (NQZ24) rose +0.52%

Stock indexes on Friday settled mixed, with the Nasdaq 100 posting a new all-time high and the Dow Jones Industrials posting a 3-week low. The technology sector rallied on Friday, led by strength in chip stocks, as Broadcom surged more than +24% after predicting sales of its AI products will surge +65% in the fiscal first quarter.  Other positive corporate news Friday supported stock gains, with RH up more than +17% after raising its 2025 revenue forecast.

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