Stocks rise on Wall Street as AI stocks turn higher again

NEW YORK (AP) — Stocks gained ground on Wall Street Friday for a second straight day, wiping away losses from earlier in the week.

Technology stocks were once again the main force behind the market's broader moves, especially companies with a focus on artificial intelligence. Both the S&P 500 and the Nasdaq closed out the week with gains, despite several stumbles early this week.

The S&P 500 rose 59.74 points, or 0.9%, to 6,834.50. It notched a 0.1% gain for the week. The Dow Jones Industrial Average rose 183.04 points, or 0.4%, to 48,134.89.

The technology-heavy Nasdaq made the biggest move. It rose 301.26 points, or 1.3%, to 23,307.62 and notched a 0.5% gain for the week.

Nvidia was the biggest force driving the market higher, with a 3.9% gain. Broadcom jumped 3.2%.

The technology sector has been fueling Wall Street throughout the year as companies with outsized values like Nvidia exert more pressure on markets. But, those pricey stock values have come under more scrutiny from investors wondering whether they are justifiable.

Oracle rose 6.6% on news that it, along with two other investors, had signed agreements to form a new TikTok U.S. joint ventur e. Oracle, Silver Lake and MGX each get a 15% share in the popular social video platform, ensuring that it can continue operating in the U.S.

Company earnings and how companies are performing amid tariffs and inflation were a key focus for Wall Street.

Nike slumped 10.5%, as the impact from tariffs overshadowed an otherwise strong quarterly profit report. Frozen potato maker Lamb Weston fell 25.9%, despite also beating Wall Street's profit and revenue forecasts.

Winnebago Industries jumped 8.4% after turning in profits and revenue for its latest quarter that easily beat analysts’ estimates.

Homebuilders fell following a report showing that home sales slowed from a year earlier for the first time since May. KB Home fell 8.5%.

A survey from the University of Michigan showed that consumer sentiment in December improved slightly from November, but is deeply diminished from a year ago.

“Despite some signs of improvement to close out the year, sentiment remains nearly 30% below December 2024, as pocketbook issues continue to dominate consumer views of the economy,” wrote Surveys of Consumers Director, Joanne Hsu.

Consumer confidence has been weakening throughout the year as persistent inflation squeezes consumers. The job market is also slowing while retail sales weaken. Businesses and consumers are also worrying about the continued impact of a wide-ranging U.S.-led trade war that has targeted key partners including China and Canada.

The latest inflation update on Thursday revealed a surprise cooling of prices in November. The Labor Department reported that its consumer price index rose 2.7%. But economists quickly warned that those numbers were suspect because they’d been delayed and likely distorted by the 43-day federal shutdown.

“The wave of economic data did little to provide clarity for investors this week, keeping the market in the trading range it has been in since September,” said. Mark Hackett, chief market strategist at Nationwide, in a note to investors.

Inflation is still above the Federal Reserve's 2% target. The central bank cut its benchmark interest rate at its most recent meeting. It has been concerned about the slowing job market hurting the economy. But cutting interest rates could add more fuel to inflation, which could also stunt economic growth.

The Fed has maintained a cautious stance about interest rate policy heading into 2026 and Wall Street is mostly betting that it will hold steady on rates at its next meeting in January.

Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.15% from 4.11% late Thursday.

Japanese stocks rose after the Bank of Japan raised its benchmark interest rate to its highest level in 30 years. In Tokyo, the Nikkei 225 gained 1%, leading the rise across Asia's key markets. Markets in Europe also gained ground.

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AP Business Writer Matt Ott contributed.

Specialist Glenn Carell, left, and trader Robert Charmak work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Medline Industries signage is displayed outside the Nasdaq MarketSite, Wednesday, Dec. 17, 2025, in New York. (AP Photo/Yuki Iwamura)

Trader Vincent Vincent Napolitano, surrounded by holiday decorations, works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Specialists Alex Weitzman, left, and Meric Greenbaum work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing the market indexes of Shanghai, Tokyo and New York Dow at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of a chart showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

Tiger Woods expressed astonishment as he was handcuffed after crashing his SUV last week in Florida, according to body camera footage released Thursday that also shows deputies removing two pills from Woods' pocket.

Separate footage from the back of the patrol car shows the handcuffed golfer hiccuping, yawning and repeatedly appearing to nod off during the 15-minute ride.

Woods told authorities he was looking at his phone and changing the radio station when his speeding Land Rover clipped the back of a truck and rolled onto its side on a residential road on Jupiter Island. No one was injured in the March 27 afternoon crash.

“I looked down at my phone, and all of a sudden — boom,” Woods told an officer as he knelt on a lawn, prior to his arrest.

Bodycam footage shows Martin County Sheriff’s Deputy Tatiana Levenar then conducting a roadside sobriety test and telling Woods: “I do believe your normal faculties are impaired, and you’re under an unknown substance, so at this time you’re under arrest for DUI."

“I’m being arrested?” Woods responded.

“Yes sir,” Levenar said.

After handcuffing Woods, authorities searched his pockets and found two white pills.

“That’s a Norco,” Woods said after an officer pulled out the pills, referring to a painkiller that contains acetaminophen and the opioid hydrocodone. Authorities would later confirm that Woods was in possession of hydrocodone.

In the bodycam footage, Woods told Levenar that he had not drunk any alcohol and that he had taken “a few” medications earlier in the day, though Woods’ words are muted in the released video as he describes some of the drugs.

At the sheriff’s office complex, after Woods was escorted into the “DUI room” where drivers are tested for being under the influence, Woods said, “I’m not drunk. I’m on a prescription medication,” according to a supplemental sheriff’s office report released Thursday.

Woods, 50, pleaded not guilty on Tuesday to suspicion of driving under the influence. He posted a statement Tuesday night saying that he was stepping away indefinitely “to seek treatment and focus on my health.”

During the field sobriety test, deputies noticed Woods limping and that he had a compression sock over his right knee. Woods explained he had undergone seven back surgeries and over 20 surgeries on his right leg, and that his ankle seizes up while walking.

Woods, who was hiccuping during questioning, continuously moved his head during one of the sobriety tests and deputies had to tell him several times to keep his head straight, an arrest report said.

“Based on my observations of Woods, how he performed the exercises and based on my training, knowledge, and experience, I believed that Woods normal faculties were impaired, and he was unable to safely operate the motor vehicle,” Levenar wrote.

Woods is the most influential figure in golf and has become as recognizable as any athlete in the world. The first person of Black heritage to win the Masters in 1997, he has captivated golf fans with records likely never to be broken.

But his injuries have kept him from accomplishing more, including those suffered in a 2021 Los Angeles car crash that damaged his right leg so badly he said doctors considered amputation. He has not played an official event since the 2024 British Open. He was recovering from a seventh back surgery in October and was trying to return at the Masters, where he is a five-time champion.

Following last week's crash, Woods agreed to a Breathalyzer test that showed no signs of alcohol, but he refused a urine test, authorities said. He was arrested and released on bail eight hours later.

Under a change to Florida law last year, refusing an officer’s request to take a breath, blood or urine test became a misdemeanor, even for a first offense.

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Associated Press writer Mike Schneider in Orlando, Florida, contributed to this report.

In this image taken from police body camera video released by the Martin County, Fla., Sheriff's Office, golfer Tiger Woods performs a field sobriety test for sheriff's deputies following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)

Golfer Tiger Woods stands by his overturned vehicle in Jupiter Island, Fla., on Friday, March 27, 2026. (AP Photo/Jason Oteri)

In this image taken from police body camera video released by the Martin County, Fla., Sheriff's Office, golfer Tiger Woods speaks with sheriff's deputies following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)

In this image taken from police body camera video released by the Martin County, Fla., Sheriff's Office, sheriff's deputies holds two pills from a search of golfer Tiger Woods' pants following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. (Martin County Sheriff's Department via AP)

In this image taken from police body camera video released by the Martin County, Fla., Sheriff's Office, golfer Tiger Woods is taken into custody by sheriff's deputies following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)

In this image taken from police body camera video released by the Martin County, Fla., Sheriff's Office, golfer Tiger Woods performs a field sobriety test for sheriff's deputies following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)

The Martin County Sheriff's Office welcome sign is displayed outside Friday, March 27, 2026 (AP Photo/Jim Rassol)

This handout photo provided by the Martin County Sheriff's Office shows Tiger Woods, in Stuart, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)

Tiger Woods leaves the Martin County Sheriff's Office jail facility following his involvement in a car crash where he was arrested on a DUI charge on Friday, March 27, 2026 (AP Photo/Jim Rassol)

FILE- Golfer Tiger Woods stands by his overturned vehicle in Jupiter Island, Fla., March 27, 2026. (AP Photo/Jason Oteri, File)