Borrower-defense relief totaling a minimum of $23 billion is nearing finalization. However, the actual short-term impact on the market is less than that total figure. According to Education Department records, $12 billion had already been forgiven or paid back to borrowers as of April.

NANO Nuclear Energy Inc. slipped 4.6% to close at $15.91 on Friday. The Nasdaq Composite advanced 1.0% during the same session. NANO ended the day $1.20 higher than its 52-week low of $14.71.