US Stocks Close at Near Record Highs

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Stocks in the US closed near record highs on Friday, with the S&P 500 slightly up and the Dow Jones gaining 62 points, while the Nasdaq lost 0.3% after reaching record levels earlier in the day. Nvidia finished 0.4% higher while hitting a fresh all-time high of $805.55 earlier in the day to surpass a $2 trillion valuation. Carvana surged by 31.8% after the used cars e-commerce platform reported a narrower fourth-quarter loss. Conversely, Booking Holdings lost 10.1% after the online travel company reported earnings that surpassed expectations but cautioned that tensions in the Middle East could impact its results in the current quarter. Warner Bros Discovery also experienced a decline of 9.9% following a disappointing fourth-quarter revenue report. For the week, the S&P 500 saw a gain of 1.6%, the Dow Jones and the Nasdaq added 1.3% each.

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