S&P 500 Performs Well On Friday’s Trading Sessions As Demand Rises For Chipmakers

The S&P 500 has reportedly worked well in the Friday stock trading session. The surge recorded in the exchange was due to the rise in demand for the chipmakers.

The exchange has performed well due to the broader gains that were attracted by the major chip manufacturing companies.

This is quite promising for the entire investment market as the S&P 500 has continued rising for the fourth consecutive week.


Bitcoin Revolution is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 


Performance of the US Stock Markets

The share prices for the NASDAQ stock exchange have risen by 1.48%. The Dow Jones Industrial Average has grown by 0.9% while the S&P 500 has risen by 1.1% on the Friday stock trading session.

The data shows that the stocks for the technology sector surged by over 2%. For NVIDIA Corporation and Micron Technology, the dip-buying still continues.

The share prices for both companies had dipped earlier this week after they shared their earnings and revenue data for the second quarter. It was due to the guidance data the share prices for both companies ended up declining.

However, the investors have started purchasing their shares in order to generate high gains.

Share Prices for Tech and Chip Stocks

The share prices for chipmakers and tech companies have continued moving upwards.

In the Friday trading session, the share prices for Apple rose by 1%. The tech company revealed it has asked the suppliers of iPhones to increase their production as they want to meet high consumer demand.

The analysts have predicted that the tech sector may experience an almost 2% surge in the upcoming week. It may happen because the signs of inflation easing and recession fading will help the investors come back to markets.

Slipping Oil Prices

The oil market has finally started to lose its strength as the price of oil is constantly moving downward. Initially, there was a fear growing surrounding the demand and supply of oil.

However, as OPEC is ramping up oil production, the fear has started to fade. On top of that, the Russia-Ukraine conflict may also get dealt with soon, which may lift off another stress from oil prices.

As the oil prices keep moving downwards, investors and consumers may return to their preferred commodity. This would result in pulling down the share prices of the energy companies.

In the overall stock trading market data, Toast emerged as the top gainer in the Friday trading session. It has recorded a 13% surge in its share prices in the latest market trading session.

The restaurant chain (Toast) recorded losses after sharing strong earnings guidance for the rest of the year.

The biggest loser in the Friday stock trading session, Illumina has lost 14% of its stock value.


start trading

Best Forex World is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (not all) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Previous post Coinbase’s Share Prices Rise After Announcing Its Partnership With BlackRock
Next post Energy Price Boom In Second Quarter Causes Saudi Aramco’s Profits To Surge 90%