Crude oil sank more than 3% as Iran routed a fresh Hormuz reopening proposal through Pakistani mediators.
President Donald Trump announced he is increasing tariffs on European cars and trucks coming into United States to 25%.
Across U.S. equity markets by midday Friday, gains were broad-based but tilted toward Big Tech. The S&P 500 advanced 0.7% to 7,262, while the Dow Jones Industrial Average added 65 points or 0.1% to 49,729.
The Nasdaq 100 rose 1.1% to 27,743, with Apple’s 5.1% surge lifting the broader complex.
Within other Magnificent Seven stocks, Microsoft Corp. (NASDAQ:MSFT) climbed 2.1%, Amazon.com Inc. (NASDAQ:AMZN) rose 1.9%, Tesla Inc. (NASDAQ:TSLA) gained 3.6%, while Nvidia Corp. (NASDAQ:NVDA) and Alphabet Inc. (NASDAQ:GOOGL) edged 0.2% lower.
The Russell 2000 added 0.3% to 2,807.
Friday’s Performance In Major US Indices
Index
Last
% Change
S&P 500
7,262.62
+0.7%
Dow Jones
49,729
+0.1%
Nasdaq 100
27,743
+1.1%
Russell 2000
2,807
+0.3%
Updated by 12:00 PM ET
According to the Benzinga Pro platform:
The Vanguard S&P 500 ETF (NYSE:VOO) rose 0.7%.
The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) ticked 0.1% higher.
The Invesco QQQ Trust (NASDAQ:QQQ) climbed 1.1%.
The iShares Russell 2000 ETF (NYSE:IWM) added 0.3%.
Apple Blowout Lifts Tech
The Technology Select Sector SPDR Fund (NYSE:XLK) led S&P 500 sectors with a 1.5% gain, followed by the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) up 1.0%.
The clear laggard was the Energy Select Sector ...
