Wall Street interrupts a series of four sitting down – Reuters

Chuck Mikolajczak

NEW YORK (Reuters) – The New York Stock Exchange ended slightly higher Friday, interrupting a series of four consecutive declines, thanks to reports of a possible merger in the semiconductor industry.

The indices maintained their gains after Janet Yellen, president of the Federal Reserve, said just before the close of a rise in interest rates interest could be justified later this year.

The Dow index Jones gained 0.19%, or 34.43 points to 17,712.66. The S & amp; P 500, wider, took 4.87 points, or 0.24%, to 2061.02. The Nasdaq Composite has advanced his side of point 27.86 (+ 0.57%) to 4,891.22.

For the whole week, the Dow still lost about 2.3%, the S & amp;. P 500 2.2% and the Nasdaq 2.7%

Since the beginning of the year, the Dow Jones showed a decline of 0, 6%, while the S & amp; P recorded a small increase (+ 0.17%). Nasdaq displays his side a gain of 3.4%.

Intel semiconductor giant discusses the redemption of its smaller competitor Altera, a transaction may exceed $ 10 billion (€ 9.2 billion), reported the Wall Street Journal Friday, just before the closing Wall Street.

Intel saw its stock jump 6.38 % on this information, market participants believing that such acquisition is relevant for the group.

Altera title for its part soared 28.4% to 44.41 dollars. At Thursday’s close, the company weighed 10.4 billion stock market. Other actors in the semiconductor sector also saw their title grow strongly as Xilinx (+ 5.85%) or Skywork Solution (+ 6.22%). More …