Nasdaq, S&P 500
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Strong earnings and continued spending from Alphabet boosted the broad S&P 500 and tech-laden Nasdaq to fresh record highs.
Wall Street ended higher on Friday, capping off a strong week that saw both the Nasdaq Composite and S&P 500 finish the week at fresh record highs. At the close of trading the blue-chip Dow (DJI) had advanced by 0.
The S&P 500 and the Nasdaq Composite ended Thursday's session with fresh record closes after scoring new all-time intraday highs earlier in the trading day. The broad market index closed 0.07% higher to end at 6,363.35, while the tech-heavy Nasdaq inched up 0.18% to finish at 21,057.96.
The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight artificial intelligence stocks, while Tesla slumped after the electric vehicle maker's results disappointed investors.
Follow the action in markets to close the week in what's been a record-setting time.
The stock market is entering a gauntlet of major earnings reports from a position of strength. Heading into the final hour of trading, the Dow was up 466 points, or 1.1%, while the S&P 500 was up 0.7%.
The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers.
Investors held onto hopes that the U.S. and Japan’s trade agreement could lead to a tariff breakthrough with other countries, and pushed the S&P 500 and Nasdaq Composite to fresh record highs.