Nasdaq, S&P Edge Higher on Tech Boost, Biden-Xi Talks Eyed

Nasdaq, S&P Edge Higher on Tech Boost, Biden-Xi Talks Eyed
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York on Dec. 3, 2021. Jeenah Moon/Reuters
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The Nasdaq and the S&P 500 indexes inched higher in volatile trading on Friday as megacap stocks gained ground, while investors assessed talks between President Joe Biden and his Chinese counterpart Xi Jinping over the Ukraine conflict.

Seven of the 11 major S&P sectors were lower, with energy stocks and utilities falling the most.