By Caitlin McCabe and Hannah Erin Lang
Major U.S. indexes were mixed Friday: the Dow industrials advanced, while the Nasdaq composite was roughly flat after rising in early trading.
Semiconductor stocks, including Nvidia, Intel and Micron, rallied, as did some other artificial intelligence names. Shares in Tesla fell, however, after the EV maker posted another annual drop in deliveries.
The AI trade drove a rally in chip-heavy Asian gauges. Upbeat sentiment boosted less technology-centric benchmarks too, with the U.K.'s FTSE 100 hitting 10000 for the first time.
Some relief came on the trade front, after Washington delayed by a year tariff increases on upholstered furniture, kitchen cabinets and vanities, and slashed proposed duties on Italian pasta. Shares in home goods sellers, including Wayfair and Williams-Sonoma, jumped.
Silver prices climbed, extending a highly volatile stretch in the precious metals market. Gold prices dropped, marking the metal's worst week since 2021.
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(END) Dow Jones Newswires
January 02, 2026 16:26 ET (21:26 GMT)
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