Advertisement
Canada markets close in 24 minutes

  • S&P/TSX

    22,293.71
    +34.24 (+0.15%)
     

  • S&P 500

    5,186.68
    +5.94 (+0.11%)
     

  • DOW

    38,888.70
    +36.43 (+0.09%)
     

  • CAD/USD

    0.7285
    -0.0036 (-0.50%)
     

  • CRUDE OIL

    78.50
    +0.02 (+0.03%)
     

  • Bitcoin CAD

    86,663.51
    +222.47 (+0.26%)
     

  • CMC Crypto 200

    1,307.61
    -57.52 (-4.21%)
     

  • GOLD FUTURES

    2,320.50
    -10.70 (-0.46%)
     

  • RUSSELL 2000

    2,068.83
    +8.16 (+0.40%)
     

  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     

  • NASDAQ

    16,333.19
    -16.06 (-0.10%)
     

  • VOLATILITY

    13.34
    -0.15 (-1.11%)
     

  • FTSE

    8,313.67
    +100.18 (+1.22%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • CAD/EUR

    0.6771
    -0.0021 (-0.31%)
     
MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Fed's Kashkari: Rates will stay high for 'extended period', can't rule out a hike

Stocks rally to cap weekly gains as Amazon sinks, First Republic collapses

Myles Udland
·Head of News
Updated ·1 min read

Stocks rose on Friday to cap a volatile week with each of S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI), and Nasdaq Composite (^IXIC) logging weekly gains.

The S&P 500 and Dow rose 0.8% on Friday while the Nasdaq rose 0.7%. The Nasdaq rose over 1.2% for the weekly, leading gains among the major averages.

The biggest movers Friday came from the tech and banking worlds, with shares of Amazon (AMZN) falling more than 3% after the company warned of a slowdown in its AWS cloud business on its earnings conference call Thursday night.

Elsewhere in the tech space, Snap (SNAP) shares fell more than 17% as the company again warned of a revenue slowdown as a sputtering ad market continues to weigh on the company's growth.

ADVERTISEMENT

Investors were also keeping close tabs on shares of First Republic (FRC) as the struggling lender appeared set to enter FDIC receivership this weekend with reports suggesting the US government has been unable to secure a buyer for the bank.

First Republic stock fell more than 40% on Friday.

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read the latest financial and business news from Yahoo Finance