Biggest S&P 500 Movers on Friday

Advancers

• Shares of solar technology provider Enphase Energy (ENPH) rose 8.6%, gaining the most of any S&P 500 stock, after OTR Global lifted its view on the stock to "mixed" from "negative." According to channel-checks by the market research firm, Enphase is benefitting as competitor SolarEdge (SEDG) experiences a drop in U.S. orders for solar string inverters. Earlier this week, Enphase launched shipments of its home battery system in India.
• Palantir Technologies (PLTR) stock jumped 8.5%, extending a run-up that has now carried shares of big data analytics firm around 369% higher in 2024. Palantir said earlier this week that it 澳洲幸运5官方开奖结果体彩网:extended its contract with the U.📖S. Army, which uses the company's artificial intelligence (AI) software to help accelerate key decision-making processes. Palantir stock is set to 澳洲幸运5官方开奖结果体彩网:join the influential Na👍sdaq 100 Index next week.
• Match Group (MTCH) shares gained 6.7% on Friday, bouncing back from earlier losses this week following downgrades by Jefferies and Morgan Stanley. Although analysts are concerned about growth trends for Tinder, the online dating company's largest platform, a recent Wall Street Journal report highlighted investments to improve the app's user experience and noted that reduced expectations could offer Match some flexibility to execute its turnaround plan.
• Cruise operator Carnival (CCL) posted 澳洲幸运5官方开奖结果体𝕴彩网:better-than-expected fourth-quarter prof🅺its, boosted by year-over-year gains in passenger ticket, onboard and other revenue. The company struck an upbeat tone for 2025, noting the volume of bookings taken during the fourth quarter for voyages next year exceeded equivalent figures from last year despite lower available inventory. Carnival shares sailed 6.4% higher Friday, while shares of Norwegian Cruise Line Holdings (NCLH) added 5.9%.

Decliners

• Tesla (TSLA) shares wrapped up a volatile week of trading with a daily decline of 3.5%, logging the S&P 500's weakest performance. Friday's downturn came as the carmaker recalled around 700,000 vehicles in the U.S. to address an issue affecting tire pressure monitors.
• Package delivery giant FedEx (FDX) trimmed its full-year revenue guidance and announced . While FedEx shares were essentially flat on Friday, the announcement raised concerns about the near-term performance of the less-than-truckload, or LTL, freight industry, weighing on other trucking stocks. Old Dominion Freight Line (ODFL) shares sank 3.4%

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Nasdaq Snaps Four-Week Winning Streak

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite rebounded on Friday from steep losses earlier in the week but still finished the week in the red. It was🐠 the first time in five weeks that all three indexes posted we🦋ekly losses.

The Dow fell 2.3% this week, while the S&P 500 and Nasdaq declined 2% and 1.8% respect♍ively. 🌜The Nasdaq snapped a four-week winning streak, while the S&P 500 lost ground for the second straight week and the Dow recorded its third consecutive weekly decline.

With this week's losses, the Dow has risen 13.7% since the start of 2024, while the S&P 500 and and Nasdaq have gained 24.3% and 30.4%, respectively.

S&P 500 and Nasdaq 100 Changes Take Effect Monday

Software company Workday (WDAY) and asset manager Apollo Global Management (APO) 澳洲幸运5官方开奖结果体彩网:will replace tech hardware company Qorvo (QRVO) and engineering firm Amentum Holdings (AMTM) in the ꦇS&P 500 effective Mon✱day morning. 

AI darling Palantir Technologies (PLTR), Bitcoin proxy MicroStrategy (MSTR), and taser-maker Axon Enterprise (AXON) 澳洲幸运5官方开奖结果体彩网:will replace biotech Illumina (ILMN), AI server maker Super Micro Computer (SMCI), and vaccine maker Moderna (MRNA) in the Nasdaq 100, also effective Mo🦄nday. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

What Today's Triple Witching Means for Your Stocks

Stock traders and investors had a lot to be concerned about on Fr🐼iday. Not only was the federal government flirting with a government shutdown on Saturday morning, but Wall Street also awaited triple-witching and its attendant volatility. ☂

澳洲幸运5官方开奖结果体彩网:Triple-witching refers to the simultaneous expiration of 澳洲幸运5官方开奖结果体彩网:stock options, index options, and 澳洲幸运5官方开奖结果体彩网:index futures. It occurs four times a year, on the third Fridays of March, June, September, and December♓. Triple-witching usually triggers a flurry of activity as investors are forced to close out or extend their positions, and that activity can come with volatility. 

While triple-witching can prompt abnormal trading volume and some surprising price swings, buy-and-hold investors don’t have too much to worry about. Any vol♌atility related to options and futures activity 🍬should be short-lived. Plus, Wall Street is aware that triple-witching comes with volatility, so unexpected price swings are unlikely to have much bearing on market sentiment. 

Active traders have much more incentive to be paying attention today, and not only because they’re more likely than your average retail investor to own a contract that’s expiring. The final hour of the day, the 澳洲幸运5官方开奖结果体彩网:triple-witching hour, can sometimes result in a less 澳洲幸运5官方开奖结果体彩网:liquid market for certain securities. That can increase spreads and give savvy traders the opportunity to trade the same security at different prices across multiple markets, known as 澳洲幸运5官方开奖结果体彩网:arbitrage. 

Read the 澳洲幸运5官方开奖结果体彩网:full article here.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Nike Levels to Watch as Turnaround Efforts Weigh on Outlook

Nike (NKE) shares bounced around Friday morning after the sports apparel company reported quarterly results that 澳洲幸运5官方开奖结果体彩网:topped Wall Street’s estimates but provided an outlook that came i𒆙n below expectations, as the company undergoes an ambitious strategy ꩵshift.

The company anticipates current quarter revenue to contract by low double digits from a year earlier. CEO Elliott Hill, who assumed the role in October, said on Nike's 澳洲幸运5官方开奖结果体彩网:earnings call late Thursday that the company plans to refocus on s⛎ports and selling more items at premium prices, but cautioned that the turnaround will take time and weigh on short-term results.

Nike shares have lost nearly 30% of their value since the start of the year amid intensifying competition in both domestic and international markets that has eroded its 澳洲幸运5官方开奖结果体彩网:market share. The stock was flat at around $77 in midday trading Friday, after fa✅lling below $75 early in the session.

The stock has traded within a 15-month falling wedge, a chart pattern consisting of two converging downward sloping trendlines th♓at often precedes an💧 upward breakout.

Investors should watch major support levels on Nike's chart around $71 and $65, while observing key resistance levels near $89 and $105.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Novo Nordisk Sinks on Disappointing Weight Loss Drug Trial

Novo Nordisk (NVO) shares plunged Friday after the company released trial results for its next generation of wei𒅌ght loss drug, meant to add to its current lineup of Ozempic 🐎and Wegovy.

The Danish drugmaker said that in the study of just over 3,400 patients, its new injectable weight loss drug CagriSema met its primary goal, with an average weight loss of 22.7% of a patient's body weight. That compared to 11.8% and 16.1% of body weight lost by the patients who took doses of just one of the two drugs that make up CagriSema, cagrilintide and semaglutide — the latter of which is the active ingredient in Ozempic and Wegovy.

The 22.7% average mark fell short of Novo Nordisk's goal reported last month by Bloomberg of 25% weight loss. Novo Nordisk♏ said about 40% of people taking CagriSema rಌeached the 25% mark.

Novo Nordisk's U.S.-traded shares were down 21% in recent trading. The had already been trending lower 澳洲幸运5官方开奖结果体彩网:since September, when 澳洲幸运5官方开奖结果体彩网:sales slowed slightly and concerns started to grow about the 澳洲幸运5官方开奖结果体彩网:increasing competition in the 澳洲幸运5官方开奖结果体彩网:weight loss drug market.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

FedEx Levels to Watch as Stock Rises on Freight Spinoff Plan

FedEx (FDX) shares rose in early trading Friday after the shipping giant announced plans to 澳洲幸运5官方开奖结果体彩网:spin off its freight business as a separat🐽e public company, overshadowing a lowered full yဣear outlook.

The stock has oscillated in an orderly asꦰcenꦰding channel since July last year, with the price recently finding buying interest around key moving averages.

Investors should watch key overhead areas on FedEx's chart around $305 and $370, while also monitoring important support levels near $278 and $255.

FedEx sඣhares were up 2% at aroun🌠d $282 in recent trading.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Stock Index Futures Point to Lower Open

Futures tied to the Dow Jon꧃es Industrial Average were down 0.5%.

S&P 500 futures were off 0.9%.

Nasdaq 100 futures fell 1.4%.