Traders work on the floor of the New York Stock Exchange.
NYSE
The S&P 500 was relatively unchanged on Friday as Wall Street attempted to end the week on a high note.
The broad market index traded around the flatline, while the Dow Jones Industrial Average fell 100 points, or 0.2%. The Nasdaq Composite gained 0.2%.
Nvidia traded more than 1% higher along with Tesla. IBM and Honeywell also rose around 2%, keeping the Dow’s losses in check.
For the week, the S&P 500 was headed for a 0.3% decline, a was the 30-stock Dow. The Nasdaq was down 0.4% on the week.
The major averages are coming off a winning session thanks to gains in chip stocks. Taiwan Semiconductor led the advance after a blowout fourth-quarter report. Further, the U.S. and Taiwan reached a trade agreement in which Taiwanese chip and tech companies will invest at least $250 billion in production capacity in America.
“The fundamentals are really healthy. You’re looking for above-average earnings growth, margins, sales revenue, the Fed cutting interest rates likely this year. That’s all positive,” Larry Adam, Raymond James chief investment officer, said on CNBC’s “Power Lunch.”
To be sure, Adam said he’s slightly cautious coming into 2026. Risks to the market’s gains include expensive valuations, which leaves the market vulnerable to disappointments, the investment chief said. He added that retail investors also already own a record amount of equity, and that the U.S. is readying for midterm elections that could lead to an uptick in volatility.
Investors are preparing to close out a hectic week. They’ve been grappling with a slate of headlines out of Washington, running the gamut from heightened geopolitical risk in Iran and Greenland to worries over threats to the Federal Reserve’s independence.