Tech Bounces As Software Sell-Off Eases, Dow Jones Hits Records: What's Moving Markets Friday?

The software-driven sell-off paused for a breather on Friday after eight straight sessions that had hammered the iShares Tech-Expanded Software Sector ETF (NYSE:IGV) by roughly 20%.

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Wall Street indices rallied Friday, but the move still carried a clear value-over-growth tilt. The Dow Jones Industrial Average surged nearly 2% to 49,870 points, marking a fresh all-time high.

Small caps led the rally, with the Russell 2000 outperforming large-cap indices and soaring more than 3%. Meanwhile, both the S&P 500 and the Nasdaq 100 climbed about 1.6%.

Stocks most battered by the software-led sell-off staged the sharpest snap-back rallies. Shares of Robinhood Markets Inc. (NASDAQ:HOOD) jumped roughly 15%, while Coinbase Global Inc. (NASDAQ:COIN) rose about 11%, making them the top performers within the S&P 500.

Semiconductors also rebounded. Advanced Micro Devices Inc.

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Tech Bounces As Software Sell-Off Eases, Dow Jones Hits Records: What's Moving Markets Friday?

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