The DOW JONES index rises 0.19% to 48,042.14 points. The most bullish value is NVIDIA, which rises 2.20%, while the biggest drop is for Nike, which drops 9.5%.
The S&P 500 added 0.29%, at 6,794.61 points, while the Nasdaq advanced 0.46% to 23,111.63 points.
Wall Street is coming off a rising day yesterday, Thursday, after CPI data was lower than expected, and also supported by a recovery in technology stocks linked to artificial intelligence after the good reception of Micron Technology’s results. Thus, the Dow rose 0.14%, the S&P 500 added 0.79%, with both indices recovering from four consecutive days of declines. The Nasdaq closed up 1.38%.
Despite this rebound, in the accumulated value of the week the three indices have a negative balance. At Thursday’s close, the S&P 500 and the Dow Jones were down 0.8% and 1%, respectively. The Nasdaq is down 0.8% so far this week.
Today investors have to take into account that the day could be more volatile than usual, as the so-called quadruple witching hour of option expirations. More than $7.1 trillion in notional options exposure expires this Fridaymaking it the largest options expiration on record, according to Goldman Sachs.
Also take into account that The New York Stock Exchange has clarified that it will not modify its trading hours for December 24 and 26despite President Donald Trump’s executive order to shut down the federal government on both days. Trump issued an executive order Thursday stating that “all executive departments and agencies of the Federal Government will remain closed and their employees excused from duty on Wednesday, December 24, 2025, and Friday, December 26, 2025, the day before and the day after Christmas, respectively.”
In the macroeconomic section, the market continues to debate inflation figures. The CPI data for November published yesterday gave joy to the stock marketsince the interannual rate of 2.7% was well below the 3% that the market had predicted. However, some economists warn that the data may be less reliable than other times due to the consequences of the federal government shutdown, which could cause a reacceleration of the December inflation report.
In fact, New York Federal Reserve President John Williamshas recognized today that there were some “technical factors” that distorted the report November inflation rate. «There were some practical factors that are really related to the fact that data could not be collected in October or in the first half of November. And because of that, I think the data was distorted in some categories, which reduced the CPI reading, probably by approximately one tenth«, he stated in statements to the CNBC.
Today the US Department of Commerce should have published the reading of the personal consumption price index (PCE) for the month of November, but in the end this was not the case, so investors will have to settle for the final December reading of the consumer sentiment index from the University of Michigan. Sales of second-hand homes for November will also be known.
In the business sphere, harsh punishment for Nike after the quarterly report published last night after the close of regular business, since The sportswear giant saw a decline in revenue from its Greater China marketwhile continuing to suffer the consequences of increased tariffs, seeing an impact on its gross margins due to the levies. Specifically, while sales in North America increased 9% to $5.63 billion, revenue in its Greater China market fell 17% to $1.42 billion.
Despite this, the truth is that Nike presented better than expected results, with a profit per share of 53 cents, compared to the 38 cents expected by the market. Revenue reached $12.43 billion, compared to the expected $12.22 billion. Nike shares fall 9.5% in New York morning.
FedEx accounts are not much better received, with shares falling 5%. The courier company has put on the table some Adjusted earnings of $4.82 per share on revenue of $23.47 billion. Analysts had expected $4.11 per share in earnings and $22.79 billion in revenue.
However, the company incurred additional costs of $25 million in November after the UPS cargo plane crash grounded part of the FedEx fleet.
Outside of the results, Oracle shares rise 4.4% after learning that ByteDance, parent of TikTok, has signed binding agreements with Oracle, Silver Lake and MGX to establish a joint venture in the US which will bring together the operations of the short video platform in the country. American investors will have a majority stake, which would allow the ban on the application planned by the White House to be avoided.
CoreWeave shares rise 5.5% after the cloud infrastructure technology company joined the Department of Energy’s Genesis Mission to boost research and innovation in the US. Besides, Citi has resumed coverage of CoreWeave with a buy rating and a $135 price target which implies that the shares could double their current value.
Semiconductor giant NVIDIA rises more than 2% after Reutersciting sources familiar with the matter, has published that The Trump administration is considering the possibility of the company selling its advanced AI chips to China. Earlier this month, President Trump announced that he would allow Nvidia to ship its H200 AI chips to “authorized customers” in the country.
Fellow Dow Jones member UnitedHealth Group published this Friday the first results of an extensive independent audit of its business practices. The healthcare giant will adopt 23 ‘action plans’ to implement and monitor recommended improvements, with oversight from its internal audit and advisory services team. Around 6% of these actions will be completed by the end of 2025, while 100% of these plans will be completed by the end of March next year.
In commodity markets, oil prices are trying to stabilize but are on track to close lower for the second week in a row, as growing prospects for a peace deal between Russia and Ukraine offset concerns about supply disruptions due to the blockage of Venezuelan oil tankers. US West Texas oil futures rose 0.50% to $56.28 per barrel, while international benchmark Brent crude rose 0.60% to $60.18.
The euro rises 0.06% in its exchange against the dollar until establishing an exchange rate of 1.1732 dollars for each single currency.
In fixed income, the ten-year US bond offers a yield of 4.138%.