HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
US markets end higher as tech stocks recover
Dec-20-2025

The US markets ended higher on Friday as shares of software giant Oracle spiked 6.6 percent. The strength in Oracle came after TikTok agreed to sell its US operations to a joint venture that includes Oracle and private equity firm Silver Lake. Besides, surge in shares of other tech giants like Micron Technology and Nvidia kept the trading sentiments upbeat. Meanwhile, market participants shrugged off the report released by the University of Michigan showing lower than expected rebound in US consumer sentiment in the month of December. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Meanwhile, street had expected the index to be upwardly revised to 53.4.

On the sectoral front, biotechnology stocks turned in some of the market's best performances on the day, with the NYSE Arca Biotechnology Index surging by 3.1 percent. Further, semiconductor and networking stocks extended the strong upward moves seen on Thursday, contributing to the jump by the tech-heavy Nasdaq.

Dow Jones Industrial Average gained 183.04 points or 0.38 percent to 48,134.89, Nasdaq jumped 301.26 points or 1.31 percent to 23,307.62 and S&P 500 advanced 59.74 points or 0.88 percent to 6,834.50.

  RELATED NEWS >>