Nasdaq Surges 1.5%; Ulta Beauty Posts Upbeat Results

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 1.5% on Friday.

Following the market opening Friday, the Dow traded up 0.31% to 40,939.35 while the NASDAQ climbed 1.50% to 17,562.15. The S&P 500 also rose, gaining, 0.95% to 5,573.84.

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Leading and Lagging SectorsInformation technology shares gained by 1.9% on Friday.

In trading on Friday, consumer staples shares dipped by 0.5%.

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Ulta Beauty, Inc. (NASDAQ:ULTA) reported stronger-than-expected fourth-quarter financial results on Thursday.

Ulta Beauty said it expects fiscal year 2025 revenue of $11.5 billion to $11.6 billion versus estimates of $11.67 billion, according to Benzinga Pro. The company anticipates full-year earnings of $22.50 to $22.90 per ...