Keep pulling the thread on Closing Bell.
The U.S. Commerce Department confirmed it plans to award grants to nearly a dozen companies to foster the development of the domestic quantum computing industry.
IMAX shares surged more than 15% after the Wall Street Journal reported the company is exploring a sale.
Uber is reportedly exploring a full takeover of Delivery Hero to better compete with DoorDash in markets outside the United States.
China's securities regulator plans to penalize three cross-border brokerages, increasing investor concern over Beijing's regulatory stance on internet companies.
The rise in short-term bond yields reflects increasing market bets that the Federal Reserve may need to hike interest rates soon to combat rising consumer prices.
The S&P 500 was on track for its longest weekly rally since 2023.
The S&P 500 was positioned to end the week with a gain of one percentage point.
The Dow Jones Industrial Average closed at a record high, up approximately 295 points or 0.6% for the day.
The Russell 2000 was the leading major index for the week, closing up about 3%.
Qualcomm was the top-performing stock in the Nasdaq 100 on Friday, closing up nearly 12%.
Stellantis and Qualcomm are expanding their multi-year collaboration to integrate Qualcomm's Snapdragon Digital Chassis system into next-generation Stellantis vehicles.
Qualcomm anticipates that AI integration in automobiles will become an increasingly important revenue generator for the company.