4:07pm: Stocks mixed at the close
The S&P 500 and Nasdaq slipped into the red at the conclusion of Friday’s quiet trading session.
The S&P 500 was down 0.2% at 5,464 points and the Nasdaq shed 0.2% at 17,689 points, while the Dow Jones added 15 points at 39,150 points.
However, all three major stock indexes finished the week higher.
NVIDIA saw its second day in a row of losses, down 3.2% at about $127 at the close.
12:07pm: Nasdaq gains
US stocks were mixed at midday, with the Nasdaq pulling higher as chipmaker NVIDIA saw more modest investor pullback during Friday’s session.
After closing down 3.5% on Thursday, NVIDIA traded down just 0.3% at about $130 at noon.
Meanwhile, the S&P 500 edged 0.1% higher to 5,477 points while the Dow Jones was down 0.1% at 39,104 points.
The oil price was little changed and gold and silver prices dipped.
"The oil price was little changed on the day and but still saw its second straight week of gains of over 10% from its early June low,” IG senior market analyst Axel Rudolph commented.
“A stronger US dollar put pressure on precious metals with the gold price dropping by over 1% and the silver price by over 3%."
9.37am: Stocks off to mixed start
US stocks were mixed at the open today as all three indexes look to close out Friday having registered weekly gains.
The S&P 500 and Nasdaq dropped by 0.16% and 0.2% respectively, while the Dow Jones pushed 0.18% higher.
Nike started the day close to 1% higher after it was upgraded from outperform to market perform by broker Oppenheimer.
Gilead Sciences, the pharma stock, rose around 3.5%, continuing a rally which started on Thursday after a study revealed its HIV drug was more effective than the existing daily pill Truvada.
Sarepta Therapeutics soared 33% after the U.S. Food and Drug Administration approved it's Elevidys gene therapy, aimed at treating patients with Duchenne muscular dystrophy.
8.40am: Wall Street to open lower
US stocks are on track to open slightly lower this morning, with Nvidia, "the market's major bellwether", having dropped another 2% ahead of the opening bell.
The S&P 500 is forecast to open around 8 points lower at 5,534, while the Dow Jones is predicted to start trading 53 points down at 39,513.
Meanwhile, the tech-heavy Nasdaq is set to fall 40 points to 19,992.
Concerns have risen that the artificial intelligence-driven rally could be reaching its peak, with indications of an overextended market starting to show.
Jamie Cox at Harris Financial Group said: “The good news is, reality does not mean markets crashing or having these big, massive drawdowns.
“It’s more of a rebalancing of the field a little bit, because the valuations of those companies have just gotten so far afield from the average stock that you probably would see some broadening, which has been long talked about.”