Stocks moved higher in early trading Friday, with major indexes on track to record weekly gains, while bitcoin hit another all-time high.
The Dow Jones Industrial Average was up 0.7%, while the S&P 500 and Nasdaq Composite added 0.3% and 0.1%, respectively. Stocks are coming off a winning session on Thursday, when the S&P 500 closed higher for the fourth straight day as the equities market has rebounded from last week’s selloff.
Among the big movers Friday, shares of Gap Inc. (GAP) and Ross Stores (ROST) were up 8% and 5%, respectively, after the retailers released strong earnings reports. Intuit (INTU) shares fell 4% after the TurboTax and Credit Karma parent reported better-than-expected results but issued a disappointing outlook for the current quarter.
Large-cap technology stocks were mixed in early trading, with Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Tesla (TSLA) gaining ground while Nvidia (NVDA), Alphabet (GOOGL) and Meta Platforms (META) retreated.
Bitcoin was at $97,300 after hitting a new record high of $99,500 overnight. The cryptocurrency has gained about 40% since the U.S. election two weeks ago as investors bet that President-elect Donald Trump and a crypto-supportive Congress will implement policies that benefit the asset class.
Gold futures were up 0.7% at $2,690 an ounce after moving above $2,700 for the first time in two weeks. Gold prices have fallen from record highs of around $2,800 early this month, as the U.S. dollar has strengthened since the presidential election.
The yield on 10-year Treasurys, which has risen in recent weeks as market participants have recalibrated their expectations about how aggressive the Federal Reserve will be in cutting interest rates, fell slightly to 4.41% this morning.
Gap Stock Price Levels to Watch After Post-Earnings Pop
57 minutes ago
Gap (GAP) shares soared in premarket trading Friday after the apparel retailer reported stronger-than-expected third-quarter results and raised its sales outlook.
The company now anticipates fiscal 2024 sales to grow between 1.5% and 2% compared to its earlier guidance of “up slightly,” as the retailer continues to make progress executing a turnaround plan under CEO Richard Dickson. The retailer said the holiday period has started strongly.
The shares look set to stage a decisive breakout above a descending triangle following the company’s strong earnings report, potentially leading to a continuation of the stock’s uptrend.
Investors should track key overhead price levels on Gap’s chart around $27, $36, and $52, while monitoring a crucial support area near $20.
The stock was up 19% at around $26 about 15 minutes before the opening bell.
Read the full technical analysis here.
Futures Point to Mixed Open for Major Indexes
2 hr 1 min ago
Futures tied to the Dow Jones Industrial Average were up 0.1%.
TradingView
S&P 500 futures were down 0.1%.
TradingView
Nasdaq 100 futures were also off 0.1%.
TradingView
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
