Finance

The Nasdaq Composite outperformed other major benchmarks with a 1.2% daily gain and finished the week up 0.5%, supported by rallies in hardware giants like Nvidia. Conversely, the Dow Jones Industrial Average and S&P 500 recorded weekly losses despite Friday's strong upward momentum.

Micron Technology reported fiscal fourth-quarter non-GAAP earnings that surged more than elevenfold from the prior year to $33.42 per share. Performance was driven by immense artificial intelligence demand and favorable memory market pricing conditions.

Shares of Nike experienced a downward shift following the company's fiscal projections, which anticipated a larger sales decline than Wall Street analysts had previously modeled. The softer revenue outlook overshadowed a quarterly profit report that initially beat expectations.