Gains in megacap stocks including Nvidia and Microsoft set up the tech-heavy Nasdaq for its eighth consecutive week of gains, while the benchmark S&P 500 was set for its fifth straight week of rise.
Trading, however, is expected to be volatile on Friday due to the simultaneous expiration of stock options, stock index futures and index options contracts, known as triple witching.
ET, is expected to show the index rose to 60 in June from 59.2 in May.
The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 74 new highs and 10 new lows.
Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons:
Morgan Stanley, Mark Luschini, Janney Montgomery Scott, Sruthi Shankar, Shristi, Vinay Dwivedi
Organizations:
Nvidia, Adobe, Dow, Nasdaq, Microsoft, Trading, University of, Dow Jones, Adobe Inc, iRobot, NYSE, Thomson
Locations:
U.S, Bengaluru