Wall Street was up slightly today after tapping fresh records led by big gains in chipmakers, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average were 0.1% higher.
On Thursday, the S&P 500 rose 0.3% to 5,241.53, setting an all-time high for a third straight day. Three out of every four stocks in the index gained ground. The Dow Jones Industrial Average gained 0.7% to 39,781.37, and the Nasdaq composite rose 0.2% to 16,401.84 — both adding to records set a day earlier.
Micron surged 14.1% and led chipmakers higher after reporting much stronger results for its latest quarter than expected. Chipmaker Broadcom climbed 5.6% and was an even stronger force pushing the S&P 500 upward because of its larger size. Reddit climbed 48.4% in its debut as a publicly traded stock.
They helped to more than offset a 4.1% slump for Apple after the Justice Department announced a sweeping antitrust lawsuit against the iPhone maker.
Accenture was another weight on the market after dropping 9.3%.
Treasury yields were mostly steady a day after the Federal Reserve said it still expects to make three rate cuts this year.
In other trading early Friday, U.S. benchmark crude oil gained 4 cents to $81.11 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, was unchanged at $85.24 per barrel.
The U.S. dollar slipped to 151.52 Japanese yen from 151.65 yen.
