The Globe and Mail reports in its Saturday edition that Big Tech stocks carried Wall Street to the close of a winning, roller-coaster week, one that saw markets swing from fear to relief and back to caution because of U.S. President Donald Trump's erratic trade war. A Reuters dispatch to The Globe says the S&P 500 rose 0.7 per cent to add to a big three-day rally; the index is back within 10.1 per cent of its record set earlier this year. Spurts for Nvidia and other influential tech stocks sent Nasdaq up a market-leading 1.3 per cent. Alphabet climbed 1.7 per cent in its first trading after Google's parent company reported late Thursday that its profit soared 50 per cent in the beginning of 2025 from a year earlier, more than analysts expected. Intel, however, fell 6.7 per cent. The chip company said it is seeing "elevated uncertainty across the industry" and gave a forecast for coming revenue and profit that fell short of analysts' expectations. Roughly three out of every five stocks in the S&P 500 sank, with Eastman Chemical citing "macroeconomic uncertainty." In Toronto, the S&P/TSX Composite Index was down 17.02 points at 24,710.51. The Canadian dollar edged up, closing Friday at 72.13 U.S. cents.
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