The New York Stock Exchange ended the trading week with rising prices.
The broad S&P 500 index rose 1.0 percent, the Dow Jones industrial index increased 0.6 percent, while the technology-heavy Nasdaq composite index advanced 1.1 percent.
During the day, a report was released showing that inflation in the US, according to the so-called PCE measure, remained unchanged. The report shows that price increases in the country are slowing down, which could pave the way for an interest rate cut at the US Federal Reserve's meeting in September.
The technology sector performed strongly during the day, for example, chip giant Nvidia closed 1.5 percent up. Chip manufacturers Marvell Technology and Broadcom rose 9.2 percent and 3.8 percent, respectively.
Computer manufacturer Dell released its quarterly figures, which exceeded analysts' expectations. The stock rose 4.3 percent.
For the entire past week, the S&P 500 rose 0.2 percent, the Dow Jones increased 0.9 percent, while Nasdaq fell 0.9 percent.
