The Dow added more than 300 points on Friday, while the S&P 500 and the Nasdaq 100 were up roughly 1.9% and 2.7%, respectively, backed by rallies in tech and other high-growth stocks, sweeping some of the week’s losses. Mega-cap companies, including Meta, Amazon, Microsoft and Tesla jumped between 1% and 5%. Meantime, Google (Alphabet) was up 5.3% after announcing that it will cut 12000 jobs. Netflix soared 8.5% amid weak earnings after reporting stronger-than-expected subscriber numbers. Earlier on Friday, Fed Governor Waller backed a 25 basis points interest rate hike for the next meeting. Comments from Federal Reserve officials have shown to expect interest rates to climb to at least 5% this year to tamp down high inflation. For the week, the Dow was down 2.1%. while the S&P 500 and Nasdaq 100 roughly added 0.3% and 2.9%. Next week, investors’ eyes will be on earning reports from Microsoft on Tuesday, Tesla and IBM on Wednesday, and Intel on Thursday.