Tech Rebounds After Selloff, Bitcoin Craters To $97,000: What’s Moving Markets Friday?
Investors stepped back into beaten-down tech names Friday, with the Nasdaq 100 rising 0.6% by midday in New York, staging a modest rebound after Thursday’s sharp selloff.
The S&P 500 edged up 0.3%, while the Dow Jones Industrial Average slipped 0.3%, weighed by relative declines in financial and pharma stocks.
Nvidia Corp. (NASDAQ:NVDA) clawed back 1.8%, partially recovering from its 3.6% drop in the prior session.
Leading the charge in tech stocks, Micron Technology Inc. (NASDAQ:MU) jumped over 7%, marking the strongest performance across both the Nasdaq 100 and S&P 500. The surge followed a Reuters report that Samsung Electronics raised prices of DDR5 memory chips by as much as 60% this month, citing AI-driven demand. SanDisk Corp. (NASDAQ:SNDK) – heavily exposed to the chip-memory market – also rallied sharply, up more …
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