REUTERS: U.S. stocks rose on Friday, with the S&P 500 set to post its best quarterly performance in more than nine years, boosted by optimism over the latest round of trade negotiations between the United States and China.
Trade-sensitive industrials rose 0.65 percent and chipmakers, which have a large revenue exposure to China, also gained, with the Philadelphia chip index up 1.13 percent."It's the end of the quarter and the first quarter looks like it's one of the best in years, even on the back of muted or mixed economic data," said Michael Antonelli, market strategist at Robert W. Baird in Milwaukee.
However, the yield curve between three-month bills and 10-year notes turned slightly positive on Friday, after remaining inverted for a week, helping financials rise 0.13 percent.At 10:59 a.m. ET the Dow Jones Industrial Average was up 89.47 points, or 0.35 percent, at 25,806.93. The S&P 500 was up 6.82 points, or 0.24 percent, at 2,822.26 and the Nasdaq Composite was up 26.86 points, or 0.35 percent, at 7,696.03.
DowDuPont fell 2.1 percent after brokerages lowered their price targets on the chemical company, citing bad weather and margin pressures.
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