U.S. equities were mixed on Friday as the S&P 500 and NASDAQ Composite were poised to extend their latest gains amid easing geopolitical
fears.The Dow Jones Industrials toppled 264.72 points to 49,119.29, dragged by a 2% slide in Goldman Sachs
The much-broader index picked up 3.50 points to 6,917.18.
The NASDAQ raced ahead 96.35 points to 23,532.37.
The 30-stock Dow is down 0.4% on the week. The S&P 500 is on track for its second negative week in a row, down 0.2%, while the NASDAQ has risen 0.3% in the weekly period.
Shares of Nvidia and Advanced Micro Devices were among those supporting the two indexes’ advances, rising more than 1% and 3%, respectively. The moves come as people familiar with the matter told the media that Nvidia CEO Jensen Huang is planning to visit China in the coming days.
Other tech names like Microsoft saw a boost as well.
Intel shares, in contrast, tumbled 15% after the chipmaker reported a disappointing first-quarter outlook.
The three major averages rallied for a second session on Thursday as investors were appeased by news of easing trade tensions and geopolitical risk.
The president’s move came after Trump announced that he and NATO Secretary General Mark Rutte reached a “framework of a future deal with respect to Greenland.”
Prices for the 10-year Treasury stayed put, keeping yields at Thursday’s 4.25%.
Oil prices recovered $1.75 to $61.11 U.S. a barrel.
Gold prices leaped $68.60 to $4,982.
