The Wall Street opened on a positive note on Friday, with the broader index, S&P 500, up by 0.34% at 6,071.70 points and the tech-heavy Nasdaq Composite climbing 0.56% to 20,014.75 points.
The 30-stock Dow Jones Industrial Average was nearly flat, as it rose marginally by 0.03% to 43,929.15 at the opening bell.
Stocks like JPMorgan Chase & Co. were down 0.22%, Johnson & Johnson fell 0.27%, and Coca-Cola Co. dipped 0.31%. Among the companies that rose in early trade were American Express Co. up 0.98%, and Boeing Co. which jumped 0.64%.
Among the 11 S&P 500 sectoral indices, 10 were trading lower, whereas one traded higher against the previous day's close. The gains were led by the Consumer Staples whereas the Real Estate, Information Technology and Healthcare sectors were among the drags.
“Tech stocks have reminded investors over the past week that the AI/quantum computing movement isn't dying down any-time soon,” told Tom Essaye, founder of The Sevens Report to Bloomberg. Still, “strength in tech masked what was an average performance for the rest of the market,” he said.
As the US market opened, spot gold was lower 0.77% at $2,660.08, and Brent crude oil was trading 0.67% higher at $73.90.
The Bloomberg Dollar Index was changed slightly, with the British pound dipped 0.2% to $1.2651 while the Japanese yen fell 0.5% to 153.44 per dollar.
Bitcoin, the largest traded cryptocurrency, rose 0.6% to $100,395.73.
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