The S&P 500 Index ($SPX) (SPY) on Friday closed up by +0.88%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +1.31%. March E-mini S&P futures (ESH26) rose +0.87%, and March E-mini Nasdaq futures (NQH26) rose +1.28%.
Stock indexes settled higher on Friday as a rally in cloud infrastructure stocks improved market sentiment and lifted the broader market. Oracle rose more than 7% after TikTok CEO Chew said his company has signed binding agreements to create a US joint venture owned by American investors, including Oracle. Also, strength in chipmakers on Friday helped lift the overall market.
