Chipmakers Tick Up As Nvidia Halts Sell-Off, Dollar Rises As Traders Revise Fed Wagers: What's Driving Markets Friday?

Wall Street is seeing a relatively timid session, with the major indices displaying a slight negative performance.

While a timid rebound in semiconductor stocks is taking shape, aided by NVIDIA Corp. (NASDAQ:NVDA)’s pause of the sell-off in the previous session, the Dow Jones edged lower after reaching record highs the day before.

The weak risk sentiment on Friday threatens to end the S&P 500 and Nasdaq 100's streak of three consecutive weekly rallies

The AI darling rose by 1% by midday in New York, contributing to the positive momentum in chipmakers, buoyed by strong earnings from Marvell Technology Inc. (NASDAQ:MRVL) and MongoDB Inc. (NASDAQ:MDB).

On the data front, the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditure (PCE) Price Index, remained flat in ...