S&P 500 and Nasdaq Composite Inch Higher One Day After Setting Intraday Records
Stocks inched mostly higher at midday Friday, with the $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ trading close to Thursday's record intraday highs as market favorite $NVIDIA (NVDA.US)$continued to set the tone for trading.
The S&P 500 gained 3.44 points (0.1%) to trade at 5,476.51 shortly before 12:30 p.m. ET Friday – slightly below the 5,505.53 intraday record that it briefly hit on Thursday before pulling back.
The Nasdaq Composite likewise rose 50.51 points (0.3%) to 17,772.1, down slightly from its 17,936.79 Thursday record peak.
Wall Street has been mostly taking its cue in recent days from tech darling Nvidia, which was trading 0.9% lower at $129.60 at midday Friday after setting a $140.76 intraday record high on Thursday.
Other significant market movers as of shortly before 12:30 p.m. ET included:
-- $Sarepta Therapeutics (SRPT.US)$, which gained 33.7% to $165.11 on U.S. regulatory approval for expanded use of its drug Elevidys.
-- $Asana (ASAN.US)$ , which added 8.6% to $12.35 on plans for a stock buyback worth as much as $150 million.
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