NEW YORK (AP) — Stocks gained ground on Wall Street as AI stocks like Nvidia turned higher again. The S&P 500 rose 0.9% Friday, erasing its losses for the week. The Dow Jones Industrial Average added 183 points, or 0.4%, and the Nasdaq composite rose 1.3%. Oracle rose sharply after joining a new joint venture for TikTok in the U.S. Winnebago Industries jumped after turning in profits and revenue that easily beat analysts’ estimates. Japanese stocks closed higher after the Bank of Japan raised its benchmark interest rate to its highest level in 30 years. Treasury yields rose in the bond market.
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