Tech Bounces As Software Sell-Off Eases, Dow Jones Hits Records: What's Moving Markets Friday?

The software-driven sell-off paused for a breather on Friday after eight straight sessions that had hammered the iShares Tech-Expanded Software Sector ETF (NYSE:IGV) by roughly 20%.

• Molina Healthcare stock is testing lower boundaries. What’s behind MOH weakness?

Wall Street indices rallied Friday, but the move still carried a clear value-over-growth tilt. The Dow Jones Industrial Average surged nearly 2% to 49,870 points, marking a fresh all-time high.

Small caps led the rally, with the Russell 2000 outperforming large-cap indices and soaring more than 3%. Meanwhile, both the S&P 500 and the Nasdaq 100 climbed about 1.6%.

Stocks most battered by the software-led sell-off staged the sharpest snap-back rallies. Shares of Robinhood Markets Inc. (NASDAQ:HOOD) jumped roughly 15%, while Coinbase Global Inc. (NASDAQ:COIN) rose about 11%, making them the top performers within the S&P 500.

Semiconductors also rebounded. Advanced Micro Devices Inc. (NASDAQ:AMD) gained 8% after Thursday's stunning 17% plunge, while NVIDIA Corp. (NASDAQ:NVDA) rallied about 7%.

Shares of Amazon.com Inc. (NASDAQ:AMZN) slid more than 7% — on track for their worst session since August 2025 — despite reporting stronger-than-expected earnings, as investors continued to focus on heavy capital expenditures as a potential drag on near-term shareholder returns. Amazon is down around 11% for the week, on pace for its worst weekly performance since 2008.

Molina Healthcare Inc. (NYSE:MOH) initially cratered 29% — its worst session since 2012 — after reporting an unexpected quarterly loss and issuing a weak 2026 earnings outlook.

Strategy Inc. (NASDAQ:MSTR), which had fallen sharply as Bitcoin (CRYPTO: BTC) slid toward $60,000, rebounded more than 20% as the largest cryptocurrency rallied 13.5% to $71,000.

Gold climbed 3.8% to $4,960 an ounce, while silver surged 8% to $77 an ounce.

Friday’s Performance In Major U.S. Indices, ETFs

According to Benzinga Pro data:

• The iShares Russell 2000 ETF (NYSE:IWM) jumped 3.17% to 263.95.
• The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) rose 2.03% to 498.82.
• The Invesco QQQ Trust (NASDAQ:QQQ) gained 1.78% to 607.65.
• The Vanguard S&P 500 ETF (NYSE:VOO) advanced 1.61% to 633.13.

Russell 1000’s Top 5 Gainers On Friday

Russell 1000’s Top 5 Losers On Friday

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