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Nasdaq Rises as Tech Steadies and Telecoms Fall

The Nasdaq edged higher on Friday as several tech stocks stabilized. Meanwhile, telecom shares tumbled following reports of potential new competition from SpaceX in the wireless sector.

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FILE PHOTO: A futures-options trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 21, 2026. REUTERS/Jeenah Moon/File Photo

The Nasdaq Composite gained 80.59 points, or 0.32%, to 26,091.45 during Friday's trading session as select technology shares stabilized.
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