The Dow Jones Industrial Average fell 179 points throughout the day, the Nasdaq dropped 0.9%, while Tesla rose 3% against the trend

Trump announced the nomination of Walsh to replace Powell as the Chairman of the Federal Reserve, and the market is focused on the trends in precious metals. The US stock market experienced significant fluctuations on Friday. The Dow Jones Industrial Average briefly plunged 611 points or 1.2%, reaching a low of 48,459 points, but later narrowed its losses, closing down 179 points or 0.4% at 48,892 points. The Nasdaq Composite Index closed down 223 points or 0.9% at 23,461 points; the S&P 500 Index closed down 29 points or 0.4% at 6,939 points, marking three consecutive days of decline.

Apple (AAPL.US) reported a 16% increase in net profit last quarter, exceeding expectations, with iPhone sales rising 23%. The stock price initially fell over 2% but later rebounded to close up 0.5%.

Large tech stocks showed mixed performance, with Tesla (TSLA.US) rising 3.3% against the trend, amid reports that Musk is considering merging SpaceX with it. Microsoft (MSFT.US), which had plummeted 10% on Thursday, fell 0.7%; while Meta (META.US), which rose 10%, retraced 3%. Nvidia (NVDA.US) fell 0.7%.

For the entire month, the S&P 500 Index and the Dow Jones Industrial Average rose 1.4% and 1.7%, respectively, while the Nasdaq also increased by 1%