Wall Street wrapped up the week on a broadly constructive note Friday, with the S&P 500 climbing 0.43% to close at 7,557.05, the Dow Jones Industrial Average adding 0.30% to finish at 52,246.76, and the Nasdaq edging up 0.31% to 26,336.01. The gains were modest but meaningful, capping a week in which large-cap technology names continued to carry the load for the broader market.
Meta Platforms was the undisputed star of the session, rocketing 5.97% to $669.21 and providing a significant tailwind to the Nasdaq and S&P 500. The move underscored how mega-cap tech remains the primary engine of this bull market, with investors continuing to reward companies seen as credible leaders in the AI race.
Not everything participated, however. The Russell 2000 slipped 0.42% to 2,948.06, a reminder that the rally remains concentrated at the top of the market-cap spectrum. Small-cap stocks, which are more sensitive to domestic economic conditions and borrowing costs, struggled to keep pace with their larger peers.
Gold held firm at $4,116.95, reflecting persistent demand for hard assets amid ongoing macro uncertainty. UnitedHealth's 1.64% drop to $424.62 weighed on the Dow, though broader index strength was enough to absorb the drag.