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Wall Street on Track for Winning Week  02/23 09:23

   Stocks rose in morning trading on Wall Street Friday, keeping the market on 
track for its sixth winning week in the last seven.

   NEW YORK (AP) -- Stocks rose in morning trading on Wall Street Friday, 
keeping the market on track for its sixth winning week in the last seven.

   The S&P 500 rose 0.4%, adding to the record it set on Thursday. The Dow 
Jones Industrial Average rose 198 points, or 0.5%, to 39,266 as of 9:59 a.m. 
Eastern. The Nasdaq rose 0.1%.

   Technology stocks led the gains again, including another drive upward from 
Nvidia. The chipmaker rose 2.7% and crossed $2 trillion in market value for the 
first time. A day earlier, Nvidia reported blockbuster demand for its 
semiconductors, which are used to power AI applications.

   Earnings remained the big focus. Ticket seller and concert promoter Live 
Nation jumped 4.2% after beating analyst's revenue forecasts. Sleep Number, 
which sells beds and bedding products, surged 38% after beating beat Wall 
Street's revenue forecasts.

   On the losing end, Warner Bros. Discovery fell 12.6% after reporting a 
bigger loss than Wall Street expected.

   Booking.com tumbled 8.7%, dragging other travel-related companies down. The 
online travel service beat Wall Street's fourth-quarter sales and profit 
targets but issued a lukewarm forecast that spooked investors.

   Outside of earnings, Intuitive Machines, the company that made the first 
U.S. lunar landing in more than 50 years, rose 18.4%.

   Treasury yields slipped. The yield on the 10-year Treasury fell to 4.30% 
from 4.33% late Thursday.

   Markets were mostly higher in Europe and Asia. Tokyo's markets were closed 
for a holiday, a day after they surged to an all-time high.

 
 
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