Jan 16 (Reuters) – The S&P 500 and the Nasdaq opened stronger on Friday as chipmakers returned to the driver’s seat in a volatile week that also marked the start of the fourth-quarter earnings season. The Dow Jones Industrial Average rose 24.3 points, or 0.05%, at the open to 49466.7. The S&P 500 rose 16.1 […]
Business
S&P 500, Nasdaq open higher as chip stocks extend rally
Audio By Carbonatix
Jan 16 (Reuters) – The S&P 500 and the Nasdaq opened stronger on Friday as chipmakers returned to the driver’s seat in a volatile week that also marked the start of the fourth-quarter earnings season.
The Dow Jones Industrial Average rose 24.3 points, or 0.05%, at the open to 49466.7. The S&P 500 rose 16.1 points, or 0.23%, to 6960.54 , while the Nasdaq Composite rose 109.7 points, or 0.47%, to 23639.687.
(Reporting by Medha Singh; Editing by Maju Samuel)