Investing.com – Wall Street was mixed on Friday as investors shrugged off concerns about a possible U.S. government shutdown.
The S&P 500 rose three and a half points or 0.13% to 2,801.61 as of 10:16 AM ET (15:16 GMT) while the Dow composite decreased 31 points or 0.12% to 25,986.73, and tech heavy NASDAQ Composite was down over 11 points or 0.16% to 7,307.41.
Congress has until 12:00 AM ET (5:00 GMT) to pass a spending bill before the government shuts down. The House of Representatives voted 230-197 on Thursday night for a bill to extend expiring funding through Feb. 16 but disagreements between Republicans and Democrats over immigration legislation threatens to collapse the Senate version of the bill.
Technology stocks were mostly up after the morning bell, with payments processor Square Inc (NYSE:SQ). surging 3.80% and Facebook (NASDAQ:FB) rising 0.90%. Meanwhile semiconductor Advanced Micro Devices (NASDAQ:AMD) jumped 2.00% while apparel firm Nike (NYSE:NKE) rose 3.10% and Amazon.com (NASDAQ:AMZN) inched up 0.52%.
Elsewhere General Electric (NYSE:GE) slumped 3.04% while computer company IBM (NYSE:IBM) fell 3.52% despite reporting growth for the first time in 22 quarters. American Express (NYSE:AXP) decreased 1.27% and Apple (NASDAQ:AAPL) was down 0.51%.
In Europe stocks were up. In Germany the DAX rose 139 points or 1.05% while France’s CAC 40 increased 26 points or 0.49% and in London the FTSE 100 gained 27 points or 0.36%. Meanwhile Spain’s IBEX 35 was up 41 points or 0.40% and the pan-European Euro Stoxx 50 jumped just over 30 points or 0.81%.
In commodities, gold futures were up 0.57% to $1,334.80 a troy ounce while crude oil futures fell 0.67% to $63.52 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, slumped 0.01% to 90.30.