Nasdaq ETF (QQQ)

Wall Street surged into rally mode during the final trading session of the week as better-than-expected jobs data helped ease fears of an economic slowdown.

For the quarter ended March 2025, the firm’s revenue shot up 57% year-over-year to $55 million.

The Fed official said that the task of policymakers and regulators is not to eliminate risk from the banking system, but to ensure that risk is appropriately and effectively managed.

AI demand is aiding the energy sector, particularly benefiting independent power producers like Constellation Energy, Vistra, and NRG Energy.

Tesla’s shares led gains among the Magnificent 7 stocks following a steep sell-off on Thursday amid CEO Elon Musk’s public clash with President Donald Trump.

The U.S. President further noted that a rate reduction by the Fed would greatly help in managing the debt that is coming due.

While health care added 62,000 jobs in May, higher than the average monthly gain of 44,000 over the prior 12 months, leisure and hospitality added 48,000 jobs, and social assistance added 16,000.

Trump’s chief of staff, Susie Wiles, told NBC News that there are “no plans” for U.S. President Donald Trump to call the Tesla chief on Friday.

Tesla, which began the year ranked eighth globally by market capitalization, has now fallen to tenth place.

U.S. stock futures rose on Friday after closing lower on Thursday. Futures of major benchmark indices advanced in premarket.

Esposito reportedly said the Trump administration’s response to the situation will be “super important.”

Larry Summers has sharply criticized the tax bill by the President Donald Trump administration amid the ongoing feud with Elon Musk.

Despite dodging tariff impact from not having manufacturing in China, Dell's growth is projected to subside in the second half.

SPY, QQQ both showing a distribution day after yesterday's session (down on above-average volume near the high).

The company reported continued momentum in its artificial intelligence semiconductor solutions and VMware virtualization software unit.

CEO Andy Jassy has previously indicated plans to reduce what he described as excess managerial layers.

Major cryptocurrencies declined sharply on Friday, with the total crypto market cap falling 3.77% to $3.18 trillion. Bitcoin (CRYPTO: BTC) maintained a 63.7% dominance, while Ethereum (

Earnings from high-profile chip maker Broadcom elicited negative stock reaction, portending a potential hit to the sector in Friday’s session.

Musk, the world’s richest person, saw his net worth drop by roughly $34 billion, as a large portion of his wealth is linked to his electric vehicle company.

Waldron said in a podcast that Goldman Sachs is absorbing a “lot of risk” from its clients, but wherever possible, it is paring risks and staying “a bit closer to home.”

The Fed official stated that disinflation has slowed, and the effects of higher tariffs are expected to continue raising inflation in 2025.

Speaking at a House Appropriations subcommittee hearing on the Commerce Department’s budget, Lutnick said China is trying to copy the United States’ technology.