The Dow Jones Industrial Average and other major indexes surged to session highs as trading neared the closing bell Friday afternoon. TG Therapeutics rallied while Tesla and Meta Platforms rebounded from Thursday's losses on the stock market today.
The Dow Jones index jumped just under 675 points, or 1.7%, a day after blue chips hit a six-month low and lost 537 points. The Dow index still remains well below its 200-day moving average but reclaimed the 41,000 level after closing below it Thursday.
Stocks on the S&P 500 held a collective gain of 2.1%, though it also continues to sit below its 200-day line. The benchmark index also hit a six-month low Thursday, but found support at the 5,600 level on Friday.
Meanwhile, the Nasdaq composite continued to flex its muscles on the stock market today. It jumped 2.6%, more than offsetting Thursday's drop of 2%. Similar to the other major indexes, it also sits far below its 200-day line.
Small caps joined the major indexes in strong action, as the Russell 2000 climbed 2.2%. The Russell remains below its 200-day line but it climbed back above the 2,000 level after closing just below that threshold Thursday.
Stock Market Today: Investors Relieved
Investors gave a sigh of relief after Senate Minority Leader Chuck Schumer dropped his threat to block a GOP spending bill late Thursday. "I will vote to keep the government open and not shut it down," Schumer said on the Senate floor late Thursday.
Amid the gains, volume was lower on both the Nasdaq and the New York Stock Exchange vs. the same time Thursday.
On the Nasdaq exchange, rising stocks topped losing issues by roughly 3-to-1, while on the New York Stock Exchange, gainers beat losers nearly 5-to-1.
Elsewhere, bitcoin sprinted 5% higher to above the $84,300 level.
Buffett's Berkshire Looks To Unload Real Estate Unit
Warren Buffett's Berkshire Hathaway climbed 2% on news it is in advanced discussions to sell its real estate business, HomeServices of America, to real estate broker Compass. Berkshire stock is in a buy zone up to 516.25 of a cup-without-handle base with a 491.67 buy point.
Meanwhile, Compass was up fractionally on the stock market today. Shares remain extended from a cup-with-handle base with a 7.69 buy point after hitting the 20% profit zone and fading.
Li Auto stumbled more than 4% after the China-based electric vehicle maker met fourth-quarter sales estimates but predicted a drop in first-quarter revenue, undercutting estimates. Shares are trading below a 31.05 buy point of a cup base after triggering the 7% loss rule from a failed breakout earlier this month.
3:18 p.m. ET
Stock Market Today: Biotech Tops Three IBD Lists
TG Therapeutics spiked in heavy volume. Shares are extended from the buy zone reaching to 38.68 of a consolidation with a 36.84 buy point. The move higher follows several unsuccessful breakout attempts. The biopharmaceutical makes a treatment for a form of relapsing multiple sclerosis.
The biotech stock sits on a trifecta of Investor's Business Daily lists: the IBD 50, IBD Leaderboard and MarketSurge Growth 250.
Meta Platforms, Nvidia, Palantir And Tesla All Rise
Tesla improved Friday afternoon and hoisted nearly 4%. But the stock is on track for its eighth-straight week of losses and has plummeted around 38% so far this year.
Meanwhile, Meta Platforms bumped up nearly 3% on the stock market today after Thursday's 4.7% drop.
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Palantir Technologies jumped after a 4.8% loss Thursday. Shares are finding resistance at their 50-day line.
And Dow Jones component Nvidia forged ahead by more than 5% after pausing Thursday. Nvidia stock was the biggest gainer on the Dow Jones index Friday.
1:44 p.m. ET
AI Stock Rebounds After New Outlook
Gorilla Technology Group soared in the wake of Thursday's 7.3% drop. The Taiwan-based artificial intelligence developer was the biggest gainer on the IBD MarketSurge Growth 250.
Shares have climbed 78% so far this year, earning it a best-possible 99 IBD Relative Strength Rating. But the stock continues to trade wide and loose in volatile action, which is reflected in a high 21.1% Average True Range.
On Thursday in a Schwab Network interview, Gorilla announced it raised its full-year 2025 revenue forecast to a range of $100 million to $110 million, up from its previous forecast of $90 million to $100 million.
The company was chosen to be the exclusive technology partner with the new Global Edge Worldwide Fund. The fund is a $100 billion infrastructure investment fund developed to transform digital ecosystems across the Americas.
Ulta Beauty jumped more than 13% after the beauty products retailer reported better-than-expected profit and revenue for the fourth quarter. The beauty retailer was the biggest gainer on the S&P 500 Friday.
12:21 p.m. ET
China Stocks Top IBD 50
Several China-based stocks showed strength on the IBD 50 Friday.
Futu Holdings rallied in heavy trading. The fintech company topped fourth-quarter sales and earnings estimates Thursday. Shares are rebounding after testing their 10-week moving average. The stock attempted a breakout from a deep cup base with a 130.50 buy point in late February, but failed to progress.
Zai Lab jumped nearly 6% and sits at the top of the buy zone reaching to 38.43 of a cup base with a 36.60 entry point. The biotech company reported mixed fourth-quarter results on Feb. 27. The stock has gained around 45% so far this year.
Atour Lifestyle Holdings bolted higher 5.5% and is back in a buy zone that reaches up to 31.40 with a 29.90 buy point. The hotel operator is expected to report its fourth-quarter results on March 25.
10:48 a.m. ET
Stock Market Today: DocuSign Rallies
DocuSign soared after the digital document signing company reported a modest beat on fiscal fourth-quarter profit and revenue. Management raised its fiscal 2026 revenue outlook with the top end of the range just under forecasts. And the company touted its new artificial intelligence-base platform, Docusign IAM.
"We launched DocuSign IAM, our AI-powered agreement management platform, which is driving rapid traction with customers," DocuSign Chief Executive Allan Thygesen said in the earnings release. Despite Friday's jump, DocuSign stock is on pace for six straight weeks of losses, according to MarketSurge chart analysis.
Rubrik rocketed higher in heavy volume after the data security provider reported a smaller loss than expected and higher sales for its January-ended quarter. Rubrik also provided a fiscal 2026 sales outlook that topped views.
Pan American Silver climbed nearly 1% on the stock market today. Shares are above the buy zone of a double-bottom base with a 24.33 buy point, but its recent high of 25.81 could be seen as a new entry point.
Alamos Gold tacked on more than 1% as it is on track for its 12th-straight week of gains. Shares are nearing the profit zone of a consolidation formation with a 21.45 buy point.
Outside of stocks, gold sat just below $3,000 an ounce after touching the threshold for the first time late Thursday. Silver traded at more than $34 per ounce. Investors have fled to the safe havens amid tariff uncertainty and a weak dollar.
In economic news, the preliminary March University of Michigan Consumer Sentiment index came in at 57.9 vs. the 64.0 consensus, and lagged the February 64.7 reading.
Investors shouldn't get overly excited with one day of gains amid the ongoing stock market weakness. Be sure to read IBD's The Big Picture column for the updated exposure level.
Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
