Free Trial

US stocks move higher, erasing weekly loss for the S&P 500

In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building, in New York. Stocks are opening broadly higher on Wall Street, Friday, May 21, 2021, bringing the S&P 500 out of the red for the week. (AP Photo/Mark Lennihan, File)

Stocks were broadly higher in morning trading Friday, giving the market enough momentum to be on pace to close the week higher after a volatile start to the week.

The S&P 500 index was up 0.4% as of 11:03 a.m. Eastern. The Dow Jones Industrial Average rose, 256 points, or 0.8%, to 34,340 and the Nasdaq was little changed. The S&P 500 was now up 0.1% for the week.

Banks and health care companies led the gains. Investors remain focused on the possibility of inflation as the economy stirs to life following more than a year of shutdowns related to the COVID-19 pandemic.

Inflation remains a worry for investors in part because it may cause central banks to pull back on their efforts to support job growth before the economic recovery is fully realized.

Oatmilk maker Oatly rose another 12.9%, following the 19% climb it made a day earlier on its first day of trading.

Nvidia, the graphics card and chip manufacturer, rose 2.5% after the company announced a four-for-one stock split. Nvidia was one of the biggest gainers of 2020.

Solid earnings helped lift several companies. Foot Locker rose 3.3% after reporting solid first-quarter earnings and revenue. Agricultural equipment maker Deere gained 3.6% after beating Wall Street's fiscal second-quarter profit forecasts.

Treasury yields were mostly stable. The yield on the 10-year Treasury note held steady at 1.63%.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.8886 of 5 stars
$159.281.3%0.03%51.38Moderate Buy$176.19
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Related Videos

Congress Bought This Stock at the Bottom—Will You Miss It?
Why AMD Stock Beats NVIDIA Right Now
NVIDIA’s Secret Picks? 3 Stocks Rising With the AI Giant

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines