The S&P 500 Index ($SPX) (SPY) Friday closed up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.62%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.59%. Stock indexes Friday settled higher, with the S&P 500 and Dow Jones Industrials posting new record highs. A rebound in chip stocks on Friday from Thursday’s sell-off boosted the overall market. Stocks extended their gains after the University of Michigan’s US July consumer sentiment index unexpectedly fell to an 8-month low, reinforcing speculation the Fed will be able to cut interest rates at the September FOMC meeting…