India, July 10 -- The US stock market traded higher on Friday, with the S&P 500 posting modest gains as strong performances from major technology companies boosted investor confidence. Meta Platforms led the rally after analysts highlighted the company's potential to reduce artificial intelligence (AI) infrastructure costs through its in-house chip development. The benchmark index also remained on track for a solid weekly gain, reflecting continued optimism surrounding the technology sector.

US Market Snapshot

S&P 500 Today

The S&P 500 advanced 0.12% to 7,552.68, extending its positive momentum and remaining on course for a weekly gain of nearly 1%.

Technology stocks continued to drive the broader market higher, while investors remain...