REUTERS: Wall Street's main indexes rose on Friday, with the S&P 500 set to post its best quarterly performance in nine and a half years, on renewed trade optimism as the latest round of U.S.-China talks ended on a positive note.
Trade-sensitive industrials rose 0.74 percent, while chipmakers, which have a large revenue exposure to China, also gained. Growth fears were triggered last week when the Federal Reserve abandoned projections for interest rate hikes in 2019 and the U.S. Treasury yield curve inverted for the first time since 2007, a historical indication of recession.
Energy stocks added 0.9 percent, the most among S&P sectors trading higher, helped by a rise in oil prices.A highly anticipated initial public offering of a ride-hailing startup Lyft Inc, is set to start trading on the Nasdaq at about 10:45 a.m. ET.
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