AST SpaceMobile (NASDAQ: ASTS) stock is surging in Friday's trading. The space-tech company's share price was up 9.2% as of 2 p.m. ET, while the S&P 500 index and the Nasdaq Composite index were up 1.
The stock market finally snapped its end-of-year skid amid a broad rally from the major indexes. The S&P 500 on Friday rose 1.3%, while the Nasdaq Composite gained 1.8%. The Dow rose 340 points, or 0.
The TSX gained 175.51 points to close Friday at 25,073.54; on the abbreviated week, the index gained 277 points, or 1.12%. The Canadian dollar shed 0.20 cents to 69.22 cents U.S.