Indexes are mixed as chipmakers rise; Tesla and Facebook dip
NEW YORK (AP) — U.S. stocks are slightly higher Friday as gains for chipmakers give the technology sector a boost, and energy companies are rising with oil prices. Tesla is plunging after federal regulators moved to oust Elon Musk as the electric car maker's CEO following his tweet last month that he was close to a deal to take Tesla private.
European stocks are falling after Italy's new government announced a big increase in spending. Italy's main stock index fell almost 4 percent and other European indexes also took sharp losses as investors worried that the government's plan will lead to a clash with European Union leaders who want Italy to reduce its debt level. Banks are skidding.
KEEPING SCORE: The S&P 500 index rose 4 points, or 0.