(Reuters) – The New York Stock Exchange opened in the green on Friday, with the exception of the Dow Jones, with the technology sector continuing its gains from the day before and streaming giant Netflix soaring following its good quarterly results .
In early trading, the Dow Jones index, which recorded its fourth closing record in five sessions on Thursday, lost 46.84 points, or 0.11% to 43,192.21 points.
The broader Standard & Poor’s 500 rose 0.29% to 5,858.39 points and the Nasdaq Composite gained 0.53%, or 96.68 points, to 18,470.29.
The technology sector continued to lead gains on the New York Stock Exchange on Friday, a rally linked to optimistic forecasts from Taiwanese chip giant TSMC, which pushed the Dow Jones to a record the day before.
Tech, however, will remain in the spotlight over the coming days in the midst of earnings season, with electric vehicle maker Tesla being one of the first major US technology companies to release its quarterly figures next Wednesday, which could either give a boost to the sector, or revive concerns about its valuation.
Strong economic data released this week, particularly September retail sales, and a strong start to the corporate earnings season are also helping to support the indexes, which are expected to record their sixth consecutive week in the green.
Netflix is ​​proof of this, with an increase of 8.4% at the opening after having exceeded expectations for its new quarterly subscribers on Thursday evening.
On the macroeconomic front, investors are awaiting comments later Friday from several Fed officials, including Christopher Waller, Neel Kashkari and Raphael Bostic, which will be closely scrutinized ahead of the U.S. central bank’s November meeting.
In values, Procter & Gamble, which reported on Friday before the opening of a surprise drop in its sales in the first quarter, fell by 1.2%.
Nvidia rose 0.9%, as the semiconductor sector continued to benefit from TSMC’s results.
In addition to the general increase in the technology sector, Apple advances 1% after data revealing a jump in sales of new iPhones in China.
Tesla lost 0.3% after the opening of an investigation by the NHTSA, the road safety authority, following collisions linked to the manufacturer’s full autonomous driving (FSD) system.
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(Written by Diana Mandiá, edited by Blandine Hénault)
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