Business
US Stocks Inch Higher as Chips Bump Offsets ‘Expensive’ S&P 500
SOURCE:Bloomberg|BY:Felice Maranz
The S&P 500 Index closed slightly in the green on Friday, as gains for semiconductor stocks helped mute concern about stretched valuations. Optimism about next week’s massive CES conference and signs President Donald Trump was easing up on tariff policies also boosted sentiment during the first trading day of the year.
The S&P 500 Index climbed at the open on Friday as investors bought tech stocks ahead of next week’s massive CES conference and cheered signs President Donald Trump was easing up on tariff policies.