Nasdaq Surges as Tech Stocks Lead Mixed Market Ahead of Memorial Day

U.S. stocks rose on Friday, driven by a Nvidia-led rally that pushed the Nasdaq Composite to a record close, marking its fifth consecutive winning week. The S&P 500 ended the week unchanged, while the Dow Jones Industrial Average fell 2.3%, breaking a five-week streak. Nvidia's strong performance and stock split announcement boosted AI-related stocks, while Intuit and Workday shares fell due to weaker forecasts. Ross Stores and Deckers Outdoor saw significant gains on better-than-expected earnings. Ether experienced volatility following the SEC's tentative approval for spot ETFs.