Big Tech stocks carried Wall Street Friday to the close of a winning, roller-coaster week, one that saw markets swing from fear to relief and back to caution because of President Donald Trump’s trade war.

The S&P 500 rose 0.7% Friday to add some more to a big three-day rally, and it’s back within 10.1% of its record set earlier this year. Spurts for Nvidia and other influential tech stocks sent the Nasdaq composite up a market-leading 1.3%.

But they masked a mixed day of trading on Wall Street, where more stocks within the S&P fell than rose, and the Dow Jones industrial average added only a modest 20 points, or 0.1%.

Alphabet climbed 1.7% in its first trading after Google’s parent company reported late Thursday that its profit soared 50% in the beginning of 2025 from a year earlier, more than analysts expected.

Another market heavyweight, Nvidia, was also a major force pushing the S&P 500 index upward after the chip company rose 4.3%.

They helped offset a 6.7% drop for Intel, which fell even though its results for the beginning of the year also topped expectations.

Roughly three out of every five stocks in the S&P sank, including Eastman Chemical, which dropped 6.2% after it gave a forecast for profit this spring that fell short of analysts’ expectations.

Skechers U.S.A., the shoe and apparel company, pulled its financial forecasts for the year due to “macroeconomic uncertainty stemming from global trade policies” even though it just reported a record quarter of revenue at $2.41 billion. Its stock fell 5.3%.

All told, the S&P 500 rose 40.44 points to 5,525.21. The Dow added 20.10 to 40,113.50, and the Nasdaq composite jumped 216.90 to 17,382.94.

In the bond market, Treasury yields eased some more, and the yield on the 10-year Treasury fell to 4.25% from 4.32% late Thursday.

Yields have dropped as several reports on the U.S. economy have come in weaker than expected, bolstering expectations that the Federal Reserve may cut interest rates later this year to support growth.

The value of the U.S. dollar meanwhile held steady against the euro and other rival currencies. It’s been recovering some of its sharp, unexpected losses from earlier this month that had rattled investors.

— Associated Press