Stocks clung to modest features on Wall Street Friday, giving the market one other file excessive and a profitable week.
The listless day for shares capped off a principally stable week of earnings the place the know-how sector as soon as once more powered the market increased. The S&P 500 index rose 1.77 factors, or lower than 0.1%, to five,088.80. That marks one other file excessive for the benchmark index and its sixth profitable week within the final seven.
Dow Jones Industrial Average rose 62.42 factors, or 0.2%, to 39,131.53. The Nasdaq slipped 44.80 factors, or 0.3%, to fifteen,996.82.
Weakness in some know-how corporations weighed down the market, in a reversal from Thursday. Apple fell 1%. Nvidia eked out a 0.4% acquire, after crossing above the $2 trillion valuation mark earlier within the day. On Thursday, the chipmaker surged after reporting blockbuster demand for its semiconductors, that are used to energy AI purposes.
Duty-free transfer eyed to thwart China
Two U.S. senators seeking to crack down on the variety of packages from China that enter the nation duty-free are calling on President Biden to take govt motion, saying U.S. producers can’t compete with low-cost rivals they are saying depend on compelled labor and state subsidies in key sectors.
U.S. commerce regulation permits packages sure for American shoppers and valued beneath a sure threshold to enter tariff-free. That threshold, below a class referred to as “de minimis,” stands at $800 per particular person, per day.
Source: www.bostonherald.com”