Wall Street Today: S&P 500, DJIA and Nasdaq Composite Rise on META, MU and CRM Gains

The $Nasdaq Composite Index (.IXIC.US)$ added 72.99 points (0.3%) to a 23,578.13 close, while the $Dow Jones Industrial Average (.DJI.US)$ gained 104.05 ticks (0.2%) to 47,954.99 and the $S&P 500 Index (.SPX.US)$ tacked on 13.28 points (0.2%) to 6,870.40.

Still, several Big Techs rose on Friday. Key percentage gainers included $SanDisk Corp (SNDK.US)$ (up 7.1%), $Salesforce (CRM.US)$ (5.3% better), $Micron Technology (MU.US)$ (4.7% stronger), $CoreWeave (CRWV.US)$ (ahead 3%), $Broadcom (AVGO.US)$ (2.4% stronger), $Intel (INTC.US)$(2.3% firmer), $Palantir (PLTR.US)$ (2.2% higher) and $Meta Platforms (META.US)$ (which rose 1.8%).

$Bitcoin (BTC.CC)$ sank 3.2% to $89,323.86 as of shortly before 4 p.m. New York time, while $Ethereum (ETH.CC)$ shed 3.5% to $3,023.11, $Solana (SOL.CC)$gave up 7.4% to $132,58 and $Ripple (XRP.CC)$lost 3.4% to $2.03.

Gainers included $Meta Platforms (META.US)$ with its aforementioned 1.8% increase, followed by $Alphabet-A (GOOGL.US)$ (up 1.2%), $Microsoft (MSFT.US)$ (0.5% better), $Amazon (AMZN.US)$ (0.2% stronger) and $Tesla (TSLA.US)$(which added 0.1%).

However, two Mag-7 stocks lost ground – $Apple (AAPL.US)$(off 0.7%) and $NVIDIA (NVDA.US)$ (down 0.5%).

-- $Oklo Inc (OKLO.US)$, which shed 6.3%. The next-generation nuclear-power firm fell on plans to sell up to $1.5 billion of new stock through an at-the-market equity-offering program – presumably diluting current shareholders. Rival atomic-power firm $NuScale Power (SMR.US)$ fell in 6.4% in apparent sympathy.

-- $SoFi Technologies (SOFI.US)$, down 6.2%. Like OKLO, the financial-services platform sank after announcing plans to sell another $1.5 billion of stock.

-- Select crypto stocks, which eased along with Bitcoin and other cryptocurrencies' declines. Noteworthy losers included $Strive (ASST.US)$ (down 7.8%), $Bitmine Immersion Technologies (BMNR.US)$ (off 6.2%), $Strategy (MSTR.US)$ (3.8% weaker), $IREN Ltd (IREN.US)$ (3.8% to the downside), $Robinhood (HOOD.US)$ (3.7% softer), $Circle (CRCL.US)$ (which shed 2.1%) and $Coinbase (COIN.US)$ (1.6% lower).

-- $Rubrik (RBRK.US)$, which soared 22.5%. The cloud-data-management company rallied on better-than-expected fiscal Q3 revenue and earnings, as well as increased forward revenue guidance.

-- $Warner Bros Discovery (WBD.US)$, up 6.3%. The parent firm of Warner Brothers movies, CNN and other media properties rose on word that it had accepted a $72 billion takeover bid from $Netflix (NFLX.US)$ over rival offers from $Paramount Skydance (PSKY.US)$ and $Comcast (CMCSA.US)$. However, PSKY reportedly plans to take its offer directly to WBD shareholders, while also pushing the White House to block the deal on antitrust grounds. Netflix lost 2.9% on the news.