US Stock Markets Rise, But Weekly Losses Continue

United States stock markets recorded a noticeable increase on Friday, with the Dow Jones and S&P 500 gaining about 1%, while the Nasdaq experienced an increase of less than 1%. However, despite this positive outlook, all three major indexes faced losses throughout the week due to concerns over high technology valuations.

Nvidia shares rose on Wednesday following the chip maker's strong earnings report, but experienced a decline the next day due to a broad sell-off. Anna Rathbun, founder and CEO of Grenadilla Advisory, said, “The Nvidia effect was over-exaggerated. There was too much fear about this situation with its predictability. If Nvidia is sold, it doesn’t mean that Gap should be sold as well. Therefore, a situation of everything being sold at once occurred. However, I believe there will be a turnaround today. Remember that there is also weakness in the economy and there are many issues the market needs to digest as we approach the end of the year. Today should be regarded as a temporary dip buying opportunity. We will see the market's direction next week and understand whether this will be sustainable,” she commented.

Nvidia shares briefly rose in afternoon trading after some sources reported that the Trump administration was considering approving the company's H200 artificial intelligence chips sales to China, but the stock closed the day down by 1%.

Among other active stocks, Eli Lilly's shares rose by 1.5% as the company became the first drugmaker to reach a $1 trillion market value. Additionally, Gap shares recorded an increase of over 8%, exceeding third-quarter sales and profit expectations, thanks to strong demand for Old Navy and Banana Republic clothing.