Here are 5 key events that drove the stock market last week
Stocks finished higher Friday, lifted by the volatile artificial intelligence trade, leading the market to the upside for the week.
TL;DR
- The S&P 500 and Nasdaq saw modest gains for the week, though December performance remained slightly down.
- Nvidia's shares rose, boosted by potential U.S. government approval for H200 chip shipments to China.
- Nike's stock fell significantly after reporting weaker-than-expected sales in China and a disappointing fiscal Q3 outlook, despite better overall earnings.
- Capital One's position was trimmed after a solid gain, with the company remaining a bullish investment due to its Discover acquisition and buyback plans.
- Texas Roadhouse was added to, showing consistent performance in the restaurant sector.
- A position in Costco was cut in half due to a mixed quarter and concerns about declining renewal rates and lukewarm sales.