Wall Street closed mixed Thursday, as a rally in chip stocks helped offset some investor worries about a lack of progress on U.S.-China trade talks.
The Dow Jones Industrial Average fell 0.09% and the S&P 500 gained 0.12%. The Nasdaq Composite rose 0.68%.
A slew of blowout earnings from chip companies ushered in a sea of green across tech.
The Philadelphia Semiconductor Index rallied 6%, led by chipmaker Xilinx as its above-consensus earnings and guidance sent its share price soaring more than 18%.
The months-long trade war has weighed on risk sentiment, with many U.S. businesses flagging the tariffs on imported Chinese goods as a key driver of increased costs, which have compressed margins. Investing.com