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Boston Herald
Boston Herald
14 Feb 2025
Associated Press


NextImg:Ticker: Wall Street finishes a winning week; TikTok returns to Apple and Google app stores

Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies.

The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.1% of its record set last month. The Dow Jones Industrial Average dipped 165 points, or 0.4%, while the Nasdaq composite rose 0.4%.

The S&P 500 still closed out its first winning week in the last three thanks in part to reports showing companies made even fatter profits at the end of 2024 than analysts expected. They’ve helped the market power through a range of worries centered on higher interest rates and stubborn inflation.

Airbnb climbed 14.4% after reporting stronger profit for the latest quarter than analysts expected as customers booked more nights on its platform. Wynn Resorts jumped 10.4% after likewise topping earnings expectations, thanks in part to strength for its Las Vegas operations.

TikTok has returned to the app stores of Apple and Google in the U.S., after President Donald Trump delayed the enforcement of a TikTok ban.

TikTok, which is operated by Chinese technology firm ByteDance, was removed from Apple and Google’s app stores on Jan. 18 to comply with a law that requires ByteDance to divest the app or be banned in the U.S.

A Google spokesperson declined to comment on the company’s move on Friday. Apple did not immediately respond to an email seeking comment.