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.