A day after Thursday’s anxiety-inducing fake out, Friday turned into Redemption Day on Wall Street. The Dow ended the day 493 points higher, or 1.08%, after gaining as much as 800 points earlier in the day. The broader S&P 500 finished out the day 0.98% higher and the Nasdaq was up by 0.88%.

Shares of Dow Inc. rallied 5.97% to $22.20 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.98% to 6,602.99 and the Dow Jones Industrial Average rising 1.

Major stock indexes closed sharply higher Friday, but nevertheless posted weekly losses on concerns about AI spending and valuations of big tech firms.

AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.

U.S. stock futures traded higher Friday, a session after the wheels fell out of a market reacting to Nvidia's latest forecasts and surprisingly strong payrolls growth. Dow Jones Industrial Average futures rose 0.5% to 46064

While some restaurants, grocery stores and retail shops will remain open on Black Friday and Thanksgiving, the financial markets will close for a day, and have reduced hours on Black Friday, Nov. 28. Yes, all markets and banks are closed on Thanksgiving, a federal holiday.

The seemingly sturdy U.S. stock market has begun to wobble. Its months'-long tech-driven rally may be running out of steam amid growing wariness about the artificial intelligence boom and broader uncertainty about the U.S. economy’s outlook.

Stocks were easing from a powerful morning rally that left the three major U.S. equity indexes up with only modest gains on Thursday The Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite index were each up about 0.