Stocks Push Higher on Strength in Chip and Megacap Technology Stocks

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What you need to know… The S&P 500 Index ($SPX) (SPY) Friday closed up +1.56%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.25%. Stocks on Friday pushed higher, with the S&P 500 and Dow Jones Industrials posting 7-week highs and the Nasdaq 100 posting a 2-month high. Friday’s strength in chip stocks and megacap technology stocks led the overall market higher. Stocks shrugged off a fall in the University of Michigan’s U.S. Nov consumer sentiment to a 6-month low and an unexpected increase in the University of Michigan’s infl…

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