US Stock Market today: S&P 500, Nasdaq fall ahead of Nvidia earnings report, Anthropic IPO. List of Wall Street stocks that rise on Friday

US Stock Market indexes ended on mix on Friday as both S&P 500 and Nasdaq fell even as Dow Jones Industrial Average rose. The major indexes have been shaky this week as some of the biggest AI companies pushed and pulled the market. Many of those companies have big stock values with a heavier impact on the market’s gains or losses.

S&P 500 fell 0.4 per cent, but managed to post a 2.5 per cent gain for the week. This marks the benchmark index’s first winning week since October and its biggest weekly gain since August. Dow Jones Industrial Average recovered from an early slide and eked out a 0.1 per cent gain. Nasdaq composite fell 0.9 per cent, but also notched its first weekly gain in five weeks.

On Friday, Dow Jones Industrial Average rose 50.46 points, or 0.1 per cent, to 52,347.55. S&P 500 fell 30.73 points, or 0.4 per cent, to 7,561.67, Nasdaq composite fell 229.82 points, or 0.9 per cent, to 25,136.27, and Russell 2000 fell 8.57 points, or 0.3 per cent, to 2,790.49.


Nvidia was again among the heaviest weights and it fell 2 per cent. Broadcom fell 4.8 per cent and Advanced Micro Devices lost 8.8 per cent. Both companies saw their shares surge earlier this week as the management shake-up at Nvidia unfolded.

Outside of AI, Microsoft rose 0.2 per cent, despite suffering a global outage for its web services that disrupted email accounts and other applications. Among the gainers were healthcare and financial stocks. Eli Lilly and Co. rose 1.3 per cent. Payment processors Visa and Mastercard also closed 1.3 per cent higher.

Philadelphia Semiconductor Index fell 3.4 per cent, with Advanced Micro Devices dropping 8.8 per cent and Broadcom down 4.8 per cent as the biggest drags on the index. Neoclouds CoreWeave and Nebius also ended lower, while data center-related firms IREN lost 6.7 per cent and Applied Digital fell 5.8 per cent.

The losses come ahead of AI company Anthropic's much-anticipated IPO next week, which could test investor appetite for established AI heavyweights as money potentially shifts toward the new entrant. Nvidia is scheduled to announce earnings report on next Tuesday, November 17.

Declining issues outnumbered advancers by a 1.28-to-1 ratio on the New York Stock Exchange and by a 1.61-to-1 ratio on the Nasdaq. S&P 500 posted 9 new 52-week highs and 1 new low, while the Nasdaq Composite recorded 37 new highs and 340 new lows. Volume on US exchanges was 16.38 billion shares, compared with the 18.52 billion average for the full session over the last 20 trading days.