As Friday afternoon trading kicked off in New York, the Dow Jones Industrial Average was wavering but appeared to be on track for its biggest three-week rise since late 2022. On a weekly basis, the Dow remains on pace to end higher for the third straight time.

Technology stocks plunged Monday after China’s DeepSeek announced it had trained a sophisticated AI model at a fraction of the cost of Silicon Valley firms, sparking a sharp reversal in the AI rally.

The shock to financial markets came from China, where a company called DeepSeek said it had developed a large language model that can compete with U.S. giants but at a fraction of the cost.

Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances”, spoke with Quartz for the latest installment of our “Smart Investing” video series.

The major market averages on Wall Street opened higher on Friday, with the Nasdaq leading the pack, as Apple and Intel's earnings reports brought cheer, while the Fed's preferred inflation gauge came in line with expectations.

Dow Jones futures rose Friday on strong Apple earnings and key inflation data, while Deckers stock plunged on earnings results.

Stock futures are higher Friday morning as investors respond to a steady stream of earnings reports and await the release of a closely followed inflation indicator.

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Sources: FactSet, Dow Jones Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet ...

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