IT giants like Nvidia and Apple acted as locomotives when the New York stock exchange rose on a broad front on the last day of the trading week. The S&P 500 index lifted 0.8 percent, the Dow Jones industrial index increased 0.5 percent and the technology-heavy Nasdaq's composite index went up 1.0 percent.
Chip manufacturer Nvidia, the world's highest valued company and thus heavily weighted in the index, rose 1.1 percent. iPhone manufacturer Apple lifted 4.2 percent.
Among the losers was the entertainment conglomerate Paramount Skydance, the day after the formal merger between Paramount and Skydance – a deal worth 8 billion dollars or 76.5 billion kronor. The share fell over 10 percent. Competitor Warner Bros Discovery was pulled down in the decline and retreated 8.0 percent.
Calculated over the entire past week, the S&P 500 rose 2.4 percent, Dow Jones 1.4 percent and Nasdaq 3.8 percent.
