S&P 500, Dow Jones, Nasdaq fall ahead of long weekend. Nvidia share price, technology, U.S. regional banks' stocks jump at Wall Street

S&P 500 slipped on Friday after a day of wavering between gains and losses. The Dow Jones Industrial Average fell, and the Nasdaq composite was also down ahead of the long weekend. Stocks edged a bit lower on Wall Street as the first week of corporate earnings season closes out with markets trading near record levels. According to preliminary data, the S&P 500 lost 5.01 points, or 0.07 per cent, to end at 6,939.46 points, while the Nasdaq Composite lost 15.60 points, or 0.07 per cent, to 23,514.42. The Dow Jones Industrial Average fell 87.13 points, or 0.18 per cent, to 49,355.31.

Gains for several big tech companies helped offset weakness elsewhere. A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh’s PNC jumped after it beat Wall Street’s fourth-quarter targets, but Regions Financial fell after reporting results that missed forecasts.

Technology stocks were the strongest forces behind the market's moves. The S&P 500 has slightly more losers than gainers, but several big technology stocks made strong gains and countered losses elsewhere.


Nvidia rose 0.4 per cent, Broadcom rose 2.8 per cent and Micron Technology rose 6.8 per cent. All three are semiconductor companies that are among several Big Tech companies with outsized valuations that often push the market higher or lower.

A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh’s PNC jumped 3.9 per cent after it beat Wall Street’s fourth-quarter targets, but Regions Financial fell 3 per cent after reporting results that missed forecasts.

Outside of the banking sector, transport company J.B. Hunt Transport Services fell 1 per cent after reporting mixed quarterly financial results.