Nasdaq logs best week of 2025 as Dow, S&P 500 notch third-straight weekly gain

The three major averages closed out the week with gains on Friday as the Nasdaq 100 rose to a record high and investors digested a series of tariff updates along with inflation and retail sales data.

The S&P 500 (^GSPC) fell just below the flatline, while the Nasdaq Composite (^IXIC) rose 0.4% and the tech-heavy index notched its best week of the year. Both indexes extended gains for a third week in a row. Meanwhile, the Dow Jones Industrial Average (^DJI) fell 0.4%.

Big Tech led this week’s gains as Nvidia (NVDA), Apple (AAPL), and Meta (META) were on track to close out the five-day period in positive territory.

Nvidia, which revealed a change-up in its equity holdings on Friday, was on pace to gain 6% this past week.

Tech giant Apple outperformed the “Magnificent Seven” stocks over the past five trading days to gain more than 7%.

New data out Friday showed retail sales declined more than expected in the first month of 2025.

Next Monday, the stock market will be closed for President’s Day. The major average will reopen on Tuesday.

Yahoo Finance’s Claire Boston reports:

Workers at the US Department of Housing and Urban Development are bracing for deep staffing cuts in divisions that provide housing assistance, investigate discrimination, and compile market data and research.

In all, around 50% of HUD employees are expected to lose their jobs amid President Donald Trump and Elon Musk’s broad efforts to reduce the size of the federal government, said Antonio Gaines, president of AFGE Council 222, which represents HUD workers. Employees at the Federal Housing Administration, the office responsible for insuring mortgage loans, don’t appear to be affected, he said.

Read more here.

Big Tech led this week’s gains as Nvidia (NVDA), Apple (AAPL), and Meta (META) were on track to close out the five-day period in positive territory.

Nvidia, which revealed a change-up in its equity holdings on Friday, was on pace to gain 6% this past week.

Tech giant Apple outperformed the “Magnificient Seven” stocks over the past five trading days to gain more than 7%.

Meanwhile Meta (META) takes the top performer slot year-to-date as shares of the social media giant hit new all-time highs on Friday.

Over the past five trading days, Meta is up more than 3%.

Yahoo Finance’s Laura Bratton reports:

Intel (INTC) stock was set to notch a 23% weekly gain Friday, the largest since 2000, in a rally fueled by US Vice President JD Vance’s bullish comments on domestic AI chip production earlier this week and investor speculation over a joint venture with TSMC (TSM).

Intel’s weeklong rally began after Vice President JD Vance spoke about domestic chip manufacturing during an address at the AI…