Market Highlights

Wall Street traders kept driving a rotation out of high-profile chipmakers and into a broader category of companies tuned to improving growth prospects, with stocks wavering at the end of a volatile week. While the S&P 500 closed little changed, most of its shares rose as signs of economic resilience fueled bets that Corporate America will keep powering ahead. The benchmark’s equal-weighted version — which strips out market-value biases — reached record highs. A drop in oil prices also helped sentiment. Another burst of selling hit semiconductor firmsafter a surge that put the group on pace for its best-ever quarter. US equity-index futures advanced following reports that the US and Iran had backed away from a fresh escalation of their conflict, easing concerns over the fragile ceasefire underpinning peace talks.