US stocks finished largely higher on Friday as the market tried to regain its footing after a volatile week.
The Dow Jones Industrial Average rose 127 points or by 0.5% to close at 25,417.
The S&P 500 added 0.22% to end at 2,736.
The Nasdaq dipped 0.15% to settle at 7,247.
The Russell 2000 small cap index gained 0.34% to conclude at 1,529.
In Canada, the TSX was up 0.05% to trade around 15,152.
12:04 PM: US benchmarks weighed down by tech stocks this afternoon
The US benchmarks were in the red this afternoon, combatting a dip in tech stocks.
The Dow Jones Industrial Average slipped around 25 points with The Boeing Company (NYSE:BA) taking the spot of a top decliner.
The father of a Lion Air crash victim filed a lawsuit against the company, claiming a defect in the design of the 737 MAX 8 aircraft was at fault, as per a Reuters report.
The S&P 500 was down around 10 points by midday.
Electricity provider PG&E Corp (NYSE:PCG) climbed its way to a top gainer after being a top decliner for most of the week. The company disclosed details of an electric incident before the fatal wildfires in Northern California began.
The Nasdaq dipped around 70 points in afternoon trading.
Nvidia Corp (NASDAQ:NVDA) was a top decliner after missing on revenue in its third quarter and offering a weak outlook for the fourth quarter.
The Russell 2000 was slipped nearly 0.7% this afternoon.
In-flight service provider Gogo Inc (NASDAQ:GOGO) was one of the worst-performing stocks on the small-cap index after announcing a $200 million convertible senior note offering.
Up north, the TSX was down around 35 points due to a decline in tech and industrial stocks.
10:00 AM: US stocks drop at open as sell-off in chipmaker Nvidia hits tech sector
US indices dropped at the open on Friday as a sell-off in shares of the chipmaker Nvidia dragged down tech stocks.
Shares of Nvidia Corp (NASDAQ:NVDA) plunged 20% after the chip maker missed its revenue target in the third quarter and offered weak guidance for the fourth quarter as sales of its cryptocurrency mining products continued to struggle.
The fall in chipmakers pushed down the tech-laden Nasdaq, which dropped 42 points to 7,216, pulled down by Nvidia, Applied Materials Inc, ASML Holding NV, Facebook and Expedia.
Early in the session, the Dow Jones Industrial Average Index also fell by 47 points to hit 25,241, dragged back by Walmart Inc, Boeing Co, Goldman Sachs, Visa, JP Morgan Chase & Co, Home Depot and Cisco Systems.
Elsewhere, the S&P 500 also slipped by 4 points to 2,725 while the Russell 2000 index of small-cap stocks shed 12 points to 1,512.
Up in Canada, Toronto’s TSX was also off by 55 points to hit 15,089, weighed down by battering that hit tech stocks as well as the consumer discretionary sector.
7:13 AM: US stocks set to start lower as traders look to industrial data and uncertainty reigns in UK
Wall Street shares are poised to start Friday's session in the red after gains Thursday as the markets mull the Brexit turmoil in the UK and in the US, look to the publication of industrial production data later.
Tech stocks look to be taking the brunt of pressure later after chipmaker Nvidia Corp (NASDAQ:NVDA) plunged 18% in extended New York deals after its latest quarterly results.
In the UK, FTSE 100 is down over 19 points at the time of writing as Prime Minister Theresa May says she will push through with her draft Brexit plan despite mounting opposition.
Europe needs a fully formed banking union to compete with Wall Street, Deutsche Bank CEO says https://t.co/kJxyv81vnE #USA #US #USBiz
— US Business (@USA_Biz) 16 November 2018
Last night on Wall Street, the Dow Jones Industrial Average added over 208 points at 25,289, while the S&P 500 added around 28 at 2,730.
The tech heavy Nasdaq index gained over 122 points to stand at 7,259.
In futures trade today, the Dow Jones is down 126, while Nasdaq futures are down 91. The S&P 500 futures are off 17.
Connor Campbell, an analyst at spreadbetter Spreadex, noted that sterling currency was resilient on Friday morning.
"Against the dollar it was up 0.2%, allowing cable to cross $1.282, while against the euro it added 0.1%, just about putting the pound the right side of €1.1283."
The financial analyst noted that on the political front in London, some key figures were yet to fully reveal their allegiances.
"Most pressing, perhaps, is Michael Gove, the man who has reportedly rejected an offer to take over as Brexit Secretary because he would not be able to renegotiate the divorce deal."
Elsewhere in Europe, the German DAX was around three points higher at 11,356, while the French CAC 40 was down nearly five points.
In Asia overnight, markets were mixed. The Nikkei 225 lost around 123 points at 21,680, while the Shanghai Composite Index added nearly 11 at 2,679.
In Toronto, the TSX, the largest market there, finished nearly 12 points up at 15,144.