NEW YORK, Jan 17, 2026, 09:37 (EST) — Market closed.
- Broadcom shares jumped roughly 2.6% on Friday, boosted by a late-week rally in chip stocks.
- Investors are parsing China-related news around Broadcom-owned VMware amid a packed earnings calendar.
- Upcoming triggers will be Intel’s earnings report and U.S. inflation figures due next week, following Monday’s market holiday.
Broadcom Inc shares (AVGO.O) closed Friday roughly 2.6% higher at $351.71, having fluctuated between $344.27 and $354.30 during the session. With U.S. markets now closed for the weekend, chip stocks have regained their momentum.
U.S. stocks closed almost unchanged after a volatile day, while semiconductors showed strength. The Philadelphia SE Semiconductor index rose 1.2%. Anthony Saglimbene, chief market strategist at Ameriprise Financial, noted, “To finish the week around flat with the S&P 500 still within spitting distance of 7,000 – most investors will take that as a…
