Wall Street rose in volatile trading

The New York stock exchange rose after volatile trading on Thursday. Some index-heavy tech giants had a sluggish day, while others flourished.

» Published: February 05 2025

Wall Street rose in volatile trading
Photo: Frank Franklin II/AP/TT

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Broad S&P 500 index increased by 0.4 percent, Dow Jones industrial index by 0.7 percent, and technology-heavy Nasdaq composite index by 0.2 percent.

The increases are partly interpreted as an attempt to look beyond the confusion surrounding President Donald Trump's delayed major move with raised import tariffs against several countries.

Google owner Alphabet's downward trend began already in after-hours trading on Tuesday, when the quarterly report failed to meet expectations.

On Wednesday, the decline continued, and Alphabet closed at minus 6.9 percent.

Chip giant AMD was also forced to take a step down and ended with a fall of 6.3 percent after a report that was also a disappointment.

In contrast, server company Super Micro Computer and semiconductor giant Nvidia fared significantly better, rising 8.0 and 5.4 percent, respectively.

Meanwhile, e-commerce giant Amazon, which is set to release a quarterly report after the market closes on Thursday, fell 2.4 percent.

During the day, it emerged that competition authorities in China are preparing an investigation into iPhone manufacturer Apple's fees and handling of external apps.

The company's stock had a bumpy ride and closed at minus 0.1 percent in New York.

Stocks with high AI exposure have been fluctuating both up and down on the stock market in recent weeks, following the realization of increased competition from China.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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