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Major U.S. equities indexes rose Friday to close out a turbulent week for the stock market as investors reacted to the latest announcements on tariffs. After fluctuating for much of the trading day, the S&P 500 rallied in the afternoon to close 1.8% higher. The Dow added 1.6%, and the Nasdaq gained 2.1%.

Shares of power management chipmaker Monolithic Power Systems ( MPWR ) added 10% on Friday, posting the highest increase of any S&P 500 stock. Before its bounce at the end of the volatile week, Monolithic stock had surged 23% Wednesday after President Trump announced a widespread 90-day tariff suspension, but given back a big portion of those gains on Thursday.

The price of gold surged to a record high as the uncertainties surrounding global trade helped lift demand for the precious metal, which is often considered a " safe haven " investment. Shares of Newmont ( NEM ), the world's largest gold producer, jumped 7.9%.

Goldman Sachs analysts upgraded shares of military shipbuilder Huntington Ingalls ( HII ) to "buy" from "sell" and lifted their price target. The double upgrade for the stock came in the wake of an executive order signed by President Trump that could that could boost investments in domestic shipyards, with analysts suggesting that upcoming defense budgets could prioritize the construction of U.S.-made Navy vessels. Huntington Ingalls shares steamed 7.4% higher on Friday.

Texas Instruments ( TXN ), which manufactures chips in the U.S., posted the S&P 500's weakest daily performance as shares sank 5.7%. The downturn came after China said chips made by U.S. firms with outsourced manufacturing operations would not be subject to tariffs on U.S. goods . Shares of AI chip leader Nvidia ( NVDA ), which outsources manufacturing to TSMC ( TSM ) in Taiwan, gained 3.1% Friday, and TSMC added about 4%.

Shares of Aptiv ( APTV ), which provides hardware and software solutions for the automotive industry, fell 3%. RBC Capital cut its price target on Aptiv stock, citing uncertainty around the tariff impacts for automakers. Although Aptiv could benefit in its upcoming earnings report from pre-buying ahead of tariff implementation, analysts believe carmakers and suppliers could scale back or rescind guidance as they adjust to longer-term impacts.

Old Dominion Freight Line ( ODFL ) shares lost 2.9% after Jefferies lowered its price target on the transport company's stock. Analysts pointed to macroeconomic concerns weighing on the industrial outlook and said they expect Old Dominion's less-than-truckload (LTL) freight volumes to remain below seasonal levels for the next few months.

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