Wall Street ends higher as tech rally continues

The Dow rose 183.04 points, or 0.38%, to 48,134.89, the S&P 500 gained 59.74 points, or 0.88%, to 6,834.50 and the ‍Nasdaq gained 301.26 points, or 1.31%, to 23,307.62.

NEW YORK: US stocks closed higher on Friday after a rocky start to the week, as a rebound in technology shares offset tumbling consumer stocks such as Nike.

Megacaps extended gains from Thursday, when chipmaker Micron Technology's strong forecasts re-ignited optimism around AI-related shares, which had recently come under pressure over lofty valuations and funding concerns. Micron reached a record closing high on Friday, ending the day up 7%.