Stock Market Today: Nasdaq clinches record close as tech reigns supreme

Investing.com -- Nasdaq rallied to a record close Friday, ending the week with a win as a Nvidia-led surge fueled bullish bets on stocks offsetting jitters about higher longer interest rates ahead of the long holiday weekend.

The SEC approved applications for eight ETFs including VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest 21Shares, Invesco Galaxy and BlackRock , meanwhile, rose 2% after the electric vehicle maker said it would cut 6% of its workforce as part of a restructuring effort to save costs amid a difficult backdrop for EV demand.

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