Wall Street today: S&P 500, Dow Jones, Nasdaq gain; Nvidia falls 2% | Stock Market News

US stock indices rose on Friday amid mixed economic reports.

As of 10:30 am Eastern time, the S&P 500 was up 0.6 per cent. The Dow Jones Industrial Average was up 0.6 per cent and the Nasdaq Composite was 0.7 per cent higher.

At the opening bell, the Dow Jones Industrial Average rose 20.3 points, or 0.05 per cent, to 43,259.84. The S&P 500 fell 4.8 points, or 0.08 per cent, to 5,856.74​, while the Nasdaq Composite dropped 67.2 points, or 0.36 per cent, to 18,477.171.

The Personal Consumption Expenditures Price Index rose 2.5 per cent in the 12 months to January, the Commerce Department said, down slightly from a month earlier and in line with analyst expectations.

A separate report showed consumer spending fell 0.2 per cent after an upwardly revised 0.8 per cent increase in December.

In the bond market, the yield on the 10-year Treasury slipped to 4.25 per cent from 4.26 per centlate on Thursday.

Gainers and losers

Nvidia fell 1.9 per cent after an 8.5 per cent slide in the previous session, after the chip giant’s weaker-than-expected quarterly gross margin forecast.

Microsoft shares dipped 0.7 per cent after announcing it will shut down online voice and video call platform Skype as it steers customers to its Teams program.

AES stock jumped 9.6 per cent after the energy company reported quarterly profit.

Signet Jewelers stock climbed 11.7 per cent after an investment firm, Select Equity Group, amassed a nearly 10% ownership stake in the retailer.

Dell shares dropped 5.5 per cent despite reporting stronger profit for the fourth quarter.

HP Inc fell 6.6 per cent after its quarterly profit forecasts missed expectations.

NetApp plunged 11.3 per cent after the data storage firm lowered its annual results forecast.

Bullion

Gold prices fell over 1 per cent on Friday as the US dollar held close to two-week highs.

Spot gold was 1.3 per cent down at $2,840.25 an ounce by 10:42 am ET (1542 GMT). US gold futures were 1.5 per cent down at $2,852.40.

Spot silver fell 0.9 per cent to $30.97.

Crude oil

Oil prices fell more than 1 per cent on Friday and were headed for their first monthly drop since November.

The May Brent crude futures slipped 81 cents, or 1.1 per cent, to $72.76 a barrel by 1410 GMT. US West Texas Intermediate crude futures were at $69.55 a barrel, down 80 cents, also 1.1 per cent.

Front-month Brent, which expires on Friday, traded at $73.10, down 94 cents.