Epic Research Update : US Markets

Wall Street ended little changed on Friday, as Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.

The Nasdaq rose, helped by a 7 percent jump in Applied Materials shares after the chip equipment provider gave a strong profit and revenue forecast for the current quarter.

The Dow Jones industrial average fell 21.44 points, or 0.13 percent, to 16,391.99. The S&P 500 lost 0.05 points, ending roughly flat, at 1,917.78. The Nasdaq Composite added 16.89 points, or 0.38 percent, to 4,504.43.

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Posted in: Indian Market Tips