Wall Street is oncourse for a second straight weekly gain after hitting a series of recordhighs, as a largely positive fourth-quarter earnings season and confidence inthe U.S. economy helped investors look past conflicting headlines on the virusoutbreak.
Nvidia Corp jumped 6.5% as it forecast first-quarterrevenue that topped analysts' estimates, reinforcing expectations of a reboundin chip demand.
Its shares lifted thePhiladelphia SE Semiconductor index by 0.6%, while the broader technology rose0.1%.
At 9:59 a.m. ET, theDow Jones Industrial Average fell 0.08% to 29,398.59.
The S&P 500 wasdown 0.01% to 3,373.74, while the Nasdaq Composite rose 0.04% to9,715.67.
Among other stocks,Expedia Inc jumped 10.3% after the online travel services company forecaststrong quarterly core earnings amid coronavirus uncertainties.
EBay Inc advanced 1.5%as the ecommerce company added $3 billion to its 2020 share buyback plan andforecast profit above analysts' expectations for the current quarter.
U.S. financial marketsare closed on Monday for President's Day.
Advancing issues outnumbereddecliners by a 1.32-to-1 ratio on the NYSE and by a 1.09-to-1 ratio on theNasdaq.
The S&P indexrecorded 45 new 52-week highs and one new low, while the Nasdaq recorded 85 newhighs and 24 new lows.
