Graphics chip maker Nvidia Corp (NASDAQ:NVDA) was wanted, rising 6.3% to US$180 on the back of a price target rise by Evercore ISI to US$250 from US$180. Receipts at retail stores fell 0.2% in August, data from the Commerce Department showed Friday. Rival TransUnion lost $1.47, or 3.4 percent, to $41.61 and Experian fell 0.9 percent in London.
The major European markets have moved to the downside on the day.
Eight of the 11 S&P sectors rose today, with telecom services (+1.8%) topping the leaderboard for the day and the week (+3.9%), and financials (+0.5%) and energy (+0.2%) also outperformed, finishing with respective weekly gains of 3.3% and 3.5%.
Cancer treatment specialist Mirati Therapeutics Inc (NASDAQ:MRTX) was comfortably the top performer, more than doubling its stock price, after it said positive preliminary data from two ongoing clinical trials of sitravatinib in non-small cell lung cancer (NSCLC) would be presented at the IASLC 2017 Chicago Multidisciplinary Symposium in Thoracic Oncology today.
Wall Street closed in the green on Friday, led by technology stocks, despite North Korea's latest missile launch.
SPDR Dow Jones Industrial Average ETF (DIA) traded up 0.26% during trading on Friday, reaching $222.45. Markets also rallied after North Korea's decision of not conducting another anticipated missile test.
The geopolitical tension comes at a time when investors have become concerned about valuations and there are questions about the pace of economic growth. The dollar weakened after an unexpected decline in August retail sales raised concern over theeconomy's strength.
"Retail sales numbers from the USA are pretty disappointing". The Nasdaq Composite fell 0.48% to 6,429, hurt by a 0.86% decline in Apple. It later settled at $49.95 a barrel for a gain of 0.1%.
Airlines were expected to be in focus in early trading after JP Morgan issued a note on the sector. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & global trademark & copyright law.
The ETF is -1.04% of its 52-Week High and 24.33% of its low, and is now having ATR of 0.24. "The price is coming down so quickly that it's helping demand".
Reports showing an unexpected drop in U.S. retail sales last month and the first drop in industrial output since January, both in part due to the impact of Hurricane Harvey, were also largely shrugged off by the market. The company's stock had a trading volume of 1,558,020 shares.