Intel Rises, Nvidia, and Oracle Slip; Bitcoin price is approaching $92,000

Shares of US chipmaker Intel led the S&P 500 higher as stocks rose in the holiday-shortened Black Friday session, which is expected to be light on trading volume and corporate news.

All three major indexes rose modestly, led by the Dow Jones, in late morning trading. It’s an abbreviated day for traders after yesterday’s holiday: the stock market closes at 1pm, while the bond market is scheduled to close an hour later. (Reads Investopedia Full coverage of today’s event here.)

Intel (INTC) was the biggest mover, on a percentage basis, on the S&P 500 in both directions, rising about 8%. Pharmaceutical company Eli Lilly (LLY) was the biggest loser, falling nearly 3%.

A few consumer-focused companies were among the most prominent influencers on Black Friday, a lively day of in-store and online shopping. Brown-Forman (BF.A, BF.B), known for its Jack Daniel’s whiskey and Herradura tequila, among other things, rose 1.5%, while shares of sportswear company Lululemon (LULU) rose more than 2%. Consumer electronics retailer Best Buy (BBY), which reported its latest quarterly financial results earlier this week, fell more than 1%.

Some notable stocks related to building artificial intelligence were in the red today. Nvidia (NVDA) shares were recently down 1.8%, while Oracle (ORCL) shares were down 2.2%. Shares of both companies were among the biggest losers in the S&P 500. Overall, big tech companies have been creeping higher: The Roundhill Magnificent Seven ETF (MAGS) recently rose 0.3%.

Shares of cryptocurrency exchange Coinbase Global (COIN) recently rose nearly 4%. Cathie Wood’s ARK Funds reported buying shares this week. Bitcoin price recently traded at around $92,000 as the leading cryptocurrency extended its rebound from its recent lows. Bitcoin Buyer Strategy (MSTR) rose 2.4%.