by Lewis Krauskopf, Sruthi Shankar and Ankika Biswas
(Reuters) – The New York Stock Exchange ended higher on Friday after lackluster corporate results and as investors weighed the impact of mixed economic data on interest rates.
The Dow Jones Industrial Average gained 0.07%, or 22.34 points, to 33,808.96 points.
The broader S&P-500 gained 3.73 points, or 0.09%, to 4,133.52 points.
The Nasdaq Composite advanced for its part by 12.9 points (0.11%) to 12,072.46 points.
PMI data released on Friday showed activity in the United States rose to an 11-month high in April, reigniting fears over Federal Reserve (Fed) monetary policy, after data was released this week showing a weakening of the economy.
Investors are awaiting the publication next week of quarterly results, in particular those of large companies in the technology sector.
“The market is a bit on the wait for releases from the big tech groups next week,” says Keith Lerner, co-chief investment officer at Truist Advisory Services. “We oscillate between good and bad economic data, good and bad corporate results.”
Microsoft, Alphabet and Amazon are due to publish their quarterly results next week.
In stocks, Amazon rose after a research institute predicted its results were expected to beat Wall Street expectations.
Procter & Gamble also advanced after raising its annual revenue target.
(With contributions from Vansh Agarwal; Camille Raynaud)
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