US stocks open higher as tech rebounds; S&P 500 nears record levels
What Happened
US stocks opened higher on Friday, rebounding from the previous session's technology-led decline. Investor sentiment improved as oil prices eased and technology shares recovered. Mid-session, the S&P 500 was up about 0.4%-0.5%, the Nasdaq gained roughly 0.5%, and the Dow Jones rose around 0.6%. Markets are also looking ahead to next week's US inflation data and the start of the third-quarter earnings season. Market at 12:08 PM to 12:11 PM EDT: Dow Jones: 51,545.3 (+0.61%) S&P 500: 7,801.46 (+0.46%) Nasdaq Composite: 27,341.19 (+0.54%)
Key Takeaways
Wall Street appears set to end the week on a stronger note, but investor focus remains on upcoming US CPI data and major bank earnings, which could determine whether the recent rally can extend further.