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Wall Street update: Nasdaq, S&P rise on tech boost after Biden-Xi talks

FedEx falls on lower-than-expected quarterly earnings; Moderna up on seeking FDA authorisation for second booster

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Photo: Reuters

Reuters
The Nasdaq and the S&P 500 indexes inched higher in volatile trading on Friday as megacap stocks gained ground, while investors assessed the talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping over the Ukraine crisis. 

Nvidia, Tesla, Apple and Microsoft rose between 0.6% and 2.9%, boosting the tech-heavy Nasdaq.

Biden and Xi spoke on a video call, which lasted just under two hours, about Russia's invasion of Ukraine and Chinese media said Xi underlined that such conflicts are in no-one's interests. Biden was expected to tell the Chinese leader that Beijing would pay a steep price if it

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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