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S&P nears 2,500 as tech stocks rebound


By Sruthi ShankarREUTERS - The three major Wall Street indexes inched up to record highs on Friday, with the S&P approaching the 2,500 mark, as technology stocks bounced back after two days of declines.The technology sector jumped 0.35 percent, powered by an Nvidia-led surge in chipmakers and Apple's 1.33 percent increase, its first gains since the launch of the new iPhones.The semiconductor index surged 1.6 percent, boosted by Nvidia's near 6 percent jump to a record high after Evercore ISI raised its price target on the stock.The tech index has been the best performing sector this year, ...

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First Published: Fri, September 15 2017. 22:41 IST