S&P, Dow gain; Nasdaq dragged down by Nvidia, Facebook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid

(Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but declines in shares of Nvidia Corp (NVDA.O), Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O) helped to drag down the Nasdaq.

The Dow Jones Industrial Average .DJI rose 123.95 points, or 0.49 percent, to 25,413.22, the S&P 500 .SPX gained 5.94 points, or 0.22 percent, to 2,736.14, and the Nasdaq Composite .IXIC dropped 11.16 points, or 0.15 percent, to 7,247.87.

Reporting by Sinéad Carew; Editing by Leslie Adler

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