Friday the 13th Ends with Flat S&P 500 | Wall Street Today

Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ closed flat the $Dow Jones Industrial Average (.DJI.US)$ fell 0.20%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.12%.

Elsewhere in the economy, $Crude Oil Futures(APR5) (CLmain.US)$ were above $70. Gold and silver fell, and treasuries climbed. $Bitcoin (BTC.CC)$ was above 100k.

$Broadcom (AVGO.US)$ climbed upwards of 20%, the highest reaching percentage climber on the S&P 500 after the firm reported earnings that beat estimates Thursday, with revenue that climbed 51% from a year ago. AAI revenue for the fiscal year climbed 220%. The climb sent the stock to over $1T in market cap valuation.

The good news lifted stocks in the sector, including $Micron Technology (MU.US)$. $Marvell Technology (MRVL.US)$ was up 9%, trailing Broadcom for the second place spot in climbers on the Nasdaq 100, climbing on the positive forward guidance its major rival Broadcom gave last night.

$Restoration Hardware (RH.US)$ shares are up 14% after the company reported strong Q3 results on Wednesday and increased its full-year revenue growth estimate.

$TaskUs (TASK.US)$ shares were up more than 13% in recent Friday trading after Morgan Stanley upgraded the company's stock to overweight from equal-weight and raised its price target to $21 from $18.

On the downside, $NVIDIA (NVDA.US)$ and $Meta Platforms (META.US)$ dropped more than 3% and nearly 2%, respectively while $Amazon (AMZN.US)$ shares are off 1%.

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