Stocks End Week Higher Amid Tech Turmoil | Closing Bell

Despite a mixed market close driven by a 1.7% technology sector decline and NVIDIA's 13% weekly drop, energy stocks rallied on oil price rebounds and financials posted gains. Individual performers highlighted extreme volatility, ranging from Modine's 27% surge on acquisition rumors to Virgin Galactic's 31% plunge following a flight delay, while an unprecedented nationwide FAA ground stop disrupted air travel and weighed on airline equities. Macroeconomic outlooks further complicated the landscape as Boston Fed President Susan Collins signaled potential rate hikes to combat persistent inflation, even as the Federal Reserve prepares for an upcoming meeting focused on longer-term issues.