The S&P 500 Index ($SPX) (SPY) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.26%. US stocks on Friday gained support from chip stocks and generally positive Q1 earnings results. Q1 earnings are expected to climb +6.5% y/y, well above the pre-earnings season estimate of +3.8%. According to data compiled by Bloomberg Intelligence, about 81% of reporting S&P 500 companies have beaten Q1 earnings estimates. Stocks were undercut Friday by higher T-note yields and a disappointing consumer sentiment report that showed bot…