Wall Street ended little changed on Friday, as Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.
The Nasdaq rose, helped by a 7 percent jump in Applied Materials shares after the chip equipment provider gave a strong profit and revenue forecast for the current quarter.
Buoyed by big gains on Tuesday and Wednesday, the major indexes posted their best weekly performances this year, with the Nasdaq tallying its strongest week since July.
The S&P 500 remains down 6.2 percent this year, however, hurt by oil's prolonged slide and fears of China-led slowdown in the global economy.
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The Nasdaq rose, helped by a 7 percent jump in Applied Materials shares after the chip equipment provider gave a strong profit and revenue forecast for the current quarter.
Buoyed by big gains on Tuesday and Wednesday, the major indexes posted their best weekly performances this year, with the Nasdaq tallying its strongest week since July.
The S&P 500 remains down 6.2 percent this year, however, hurt by oil's prolonged slide and fears of China-led slowdown in the global economy.
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