Stocks have reclaimed pre-DeepSeek levels as the S&P 500 looks to close out January higher. The S&P 500 is on pace for a 3%-plus gain in January and is hovering above the key 6,100 level, within a stone’s throw of a fresh all-time high after clinching its first record high of 2025 last week.
The S&P’s gains are being fueled by the technology sector as investors return to Big Tech names and DeepSeek fears subside. As a result, the Nasdaq is holding onto its 1.2% increase on the day but is still looking fractionally lower for the week at this juncture. On that note, the Dow Jones Industrial Average is meandering between positive and negative ground Friday afternoon.
Apple has pared its gains but continues to trade fractionally higher. Analysts at Wall Street firm UBS weren’t shocked softness in the iPhone but were expecting more excitement around the iPhone SE model. They are bracing for flat unit growth and softness in the core portfolio.
Meta Platforms (Nasdaq: META) stock is on a winning streak and is on pace for its 10th straight trading session in the green. At last check, Meta is up 1.4% on the day.
Palantir Technologies (Nasdaq: PLTR) joined in on the tech rally, with the stock hitting a new intraday high with a 3.9% gain. Palantir’s quarterly earnings are expected next week.
The Nasdaq 100 is moving past the DeepSeek sell off on Monday, up 3.75% over the past 5 days.
Here are today’s top gainers and losers:
| Stock | Ticker | Today’s Performance |
| Atlassian | TEAM | +17.66% |
| ARM Holdings | ARM | +5.40 |
| Vertex | VRTX | +4.93 |
| Baker Hughes | BKR | +4.89 |
| Broadcom | AVGO | +3.89 |
| Diamondback Energy | FANG | -2.67 |
| PDD Holdings | PDD | -2.21 |
| Fastenal | FAST | -2.09 |
| Constellation Energy | CEG | -1.96 |
Live coverage has ended. The full story is below.
The big market story today is Apple (Nasdaq: AAPL | AAPL Price Prediction), which is lifting all boats and driving the Nasdaq Composite over 1% higher to end the week on a positive note. Apple’s Q1 results appeased investors and the markets are seeing the AI glass half full. Apple stock is up 2% out of the gate to hover at $242 per share after trading as high as $247 per share post-earnings.
Tech is leading the broader markets higher, and the Dow Jones Industrial Average is slightly up and S&P 500 also posting gains. The markets also breathed a sigh of relief in response to muted inflation data that lends itself to interest rate cuts in 2025. Energy stocks remain under pressure after Chevron (NYSE: CVX) reported a profit decline and lower oil production. CVX stock is down 4% on the day, dragging the sector lower.
Despite some signs of weakness, not least weaker iPhone sales, Apple remains a favorite stock on Wall Street. Investors appear to be focused on the long-term prospects for AI, which go beyond the tech’s potential in the chatbot arena. Apple’s China sales sank by a double-digit percentage, while overall revenue climbed 4% higher to $124.3 billion. Apple’s services business was a bright spot, resulting in record margins for the growing business.
President Trump’s tariff showdown is beginning, starting with Canada and Mexico, seemingly this weekend. Meanwhile, lawmakers are urging President Trump to impose guardrails surrounding the export of Nvidia’s (Nasdaq: NVDA) AI chips so that China’s DeepSeek can’t get its hands on them. Nvidia boss Jensen Huang meets with President Trump at the White House. Led by ByteDance, China imported billions of dollars worth of Nvidia’s chips last year.
Dow Jones Industrial Average: up 45.35 (+0.10%)
S&P 500: up 38.19 (+0.63%)
Nasdaq Composite: up 249.13 (+1.24%)
Contact [email protected] for any questions or corrections.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
Several positive catalysts are paving the way for market gains today, not least a technology sector that keeps on giving. The markets are in relief mode, extending yesterday’s gains in yet another technology-fueled positive…
The markets are responding to the tariff escalation and recessionary fears, resulting in a mixed bag out of the gate. The Nasdaq Composite and S&P 500 are managing modest gains while the Dow Jones…
This article will be updated throughout the day, so check back often for more daily updates. The markets are deepening their losses this Friday morning, with all three major stock market averages down by…
This article will be updated throughout the day, so check back often for more daily updates. Technology stocks are mostly higher today, setting a positive tone for the broader markets. U.S. and Chinese officials…
This article will be updated throughout the day, so check back often for more daily updates. The markets are in freefall on Friday, with all three of the major stock market averages lower by…
This article will be updated throughout the day, so check back often for more daily updates. The broader markets have crossed over into record territory on Friday even in the face of economic uncertainty.…
The markets ran out of steam after last week’s rally but have come off their worst levels of the session. With tech stocks pressuring the Nasdaq Composite lower, the Dow Jones Industrial Average has…
This article will be updated throughout the day, so check back often for more daily updates. A sharp sell-off gripped the markets this Friday morning, with all three major stock market averages surrendering ground.…
This article will be updated throughout the day, so check back often for more daily updates. Risk is back on in the stock market after U.S. and China officials were able to clinch a…
