Stock Indexes Wrap: Nvidia, AI Stocks Surge While Enterprise Software, Health Care Slide

The stock market saw a mix of gains and losses on Friday, with tech stocks leading the way while enterprise software and healthcare stocks struggled. Here are some highlights from the day’s trading:

– **Dow**: Tech stocks like Intel and Apple led the index higher, with Boeing also seeing gains after announcing plans to launch its Starliner spacecraft in early June. However, Salesforce fell after a disappointing forecast.

– **S&P 500**: Deckers Outdoor soared to a record high after strong quarterly results driven by demand for Ugg boots and Hoka sneakers. First Solar also surged, benefiting from increased demand for electricity from AI data centers.

– **Nasdaq 100**: Ross Stores rose significantly after beating earnings estimates and raising its full-year guidance. Chip fabrication stocks also saw gains alongside Nvidia.

– **Workday**: The enterprise software company saw its stock plunge over 15% after providing softer-than-expected subscription revenue guidance for the current quarter and full year.

– **Intuit**: Shares of the tax-prep software maker slumped more than 8% after warning of potential losses in free TurboTax users due to IRS initiatives.

Overall, the market showed volatility and mixed reactions to company earnings and guidance. Investors will be keeping a close eye on developments in the tech sector and the broader market in the coming days.