Stocks Shrug Off Bank Fears, AMEX Jumps: What's Moving Markets Friday?

Market Performance - Wall Street showed resilience against credit concerns, with large-cap indices posting slight gains, setting up for a positive weekly close [1] - The S&P 500 rose 0.2% to 6,650 points, nearly erasing previous losses, while the Nasdaq 100 and Dow Jones both increased by 0.3% [2] - Financials and bank stocks rebounded after a significant drop, with the SPDR Regional Banking ETF climbing 1.1% and the Financials Select Sector SPDR Fund adding 0.5% [2] Company Highlights - American Express Co. (AXP) was the top gainer of the day, with shares increasing by 6.2% due to stronger-than-expected earnings and positive guidance [3] - Oracle Corp. (ORCL) experienced a decline of over 6% after announcing ambitious growth targets for its AI cloud division, which raised skepticism among analysts [4] - Interactive Brokers Group, Inc. (IBKR) saw a decrease of 3.1%, while CSX Corporation and Truist Financial Corporation increased by 2.8% and 3.4%, respectively [9] Commodity and Crypto Markets - Gold prices fell by 3% to $4,200 per ounce, while silver dropped 5.9% to $50.90 amid profit-taking [4] - In the crypto market, Bitcoin decreased by 1.6% to $106,000, marking its fourth consecutive session of losses, and Ethereum fell by 2.5% to $3,800 [5]