With traders reacting positively to earnings news from some big-name tech companies, stocks have moved mostly higher during trading on Friday. As a result of the gains on the day, the tech-heavy Nasdaq is on pace to set a new record closing high.
After helping lift the Nasdaq to a new record closing high in the previous session, tech stocks are seeing some further upside in early trading on Friday. The major averages have turned mixed, however, as the Dow has slipped into negative territory.
While the broader markets may show a lack of direction, technology stocks are likely to move to the upside in early trading on Friday. The Dow futures are currently up only 9 points, while the Nasdaq futures have jumped by more than 30 points.