The Nasdaq Composite closed marginally higher Friday, marking its strongest weekly performance as tech stocks led gains.
The Nasdaq Composite Index (COMP:IND) finished Friday up 0.29%, capping a week of gains driven by a tech sector rebound. The index remained flat on the session’s final day but secured its highest weekly advance in recent months.
Earlier in the session, the Nasdaq triggered its first bullish MACD crossover in six weeks, a technical signal analysts view as a potential shift in momentum. The move follows a period of volatility and underperformance in tech equities.
Market participants are watching whether the crossover sustains upward pressure or proves short-lived amid broader macroeconomic uncertainties.