Tech Stocks Lead Friday’s Rebound

Quantum stocks leap, Klarna plans to go public, and more from a busy day on Wall Street.

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NEWS
Tech Stocks Lead Friday’s Rebound

Source: Tenor

The Trump administration chilled with its tariff talk today, allowing bulls to mount a comeback after three weeks of selling. Hard-hit technology stocks led the charge, with earnings from one quantum computing player boosting the industry. Last Friday was also a positive reversal for stocks, so traders hope no weekend surprises lead to a major selloff on Monday. 👀 

Today's issue covers why quantum stocks leaped this week, BNPL giant Klarna’s plans to go public, and more from a busy day on Wall Street. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with technology (+3.02%) leading and consumer staples (+0.23%) lagging.

Source: Finviz

And here are the closing prices: 

S&P 500

5,639

+2.13%

Nasdaq

17,754

+2.61%

Russell 2000

2,044

+2.53%

Dow Jones

41,488

+1.65%

STOCKS
Quantum Stocks Lead Amid Market Rebound 🤖 

With Trump taking a break from the tariff talk today, stock market and crypto bulls were able to battle back and recoup some of this week’s losses.

One area that was beaten down during the tech selloff was the quantum computing industry. However, positive earnings results from D-Wave Systems helped its share price nearly double this week and lifted the entire sector with it. 📈 

Bookings, a key metric, hit a record of $18.3 million and topped estimates. The company also ended 2024 with a cash position of $178 million, and management expects first-quarter revenue to be nearly 4x higher than the consensus estimate.

Stocktwits sentiment flipped into overdrive on the move, with investors looking for more upside ahead in the quantum computing space. $QBTS ( ▼ 4.47% ), $RGTI ( ▼ 5.79% ), $QUBT ( ▼ 4.74% ), $IONQ ( ▼ 2.25% ), and others all saw major momentum and are on the radar heading into next week. 🐂 

Source: Stocktwits

Bitcoin prices bumped back into the mid-$80k range as traders held risk assets into the weekend. Strategy and other Bitcoin-related stocks also rebounded sharply. 🪙 

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