S&P 500, Nasdaq open higher as chip stocks extend rally

Jan 16 (Reuters) - The S&P 500 and the Nasdaq opened ‌stronger on Friday as chipmakers returned to the driver's ‌seat in a volatile week that also marked the ‍start of the fourth-quarter earnings season.

The Dow Jones ⁠Industrial Average (.DJI), rose 24.3 points, or ‌0.05%, ‌at the open to 49466.7. The S&P 500 (.SPX), ⁠rose ⁠16.1 points, or 0.23%, to 6960.54 , while the ‍Nasdaq Composite (.IXIC), rose 109.7 points, or 0.47%, to ‍23639.687.

Reporting by Medha Singh; Editing by Maju Samuel

Reuters

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S&P 500, Nasdaq open higher as chip stocks extend rally

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