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US stocks end mostly up on more solid earnings. Nasdaq and S&P 500 hit records. Results from so-called Magnificent 7 tech stocks could set the tone.
U.S. stocks capped another strong week with more records on Friday. The S&P 500 rose 0.4% to set an all-time high, the fifth time it did so this week. The Dow Jones Industrial Average climbed 208 points,
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U.S. stocks are ticking toward more records and coasting toward the close of another winning week. The S&P 500 was up 0.1% in early trading Friday, coming off its latest all-time high. The index is on track to finish its fourth winning week in the last five.
Stocks Hit Record Highs, ... The Morningstar US Market Index hit a record on Wednesday, Jan. 24, meaning stocks have now recovered all the losses that began piling up at the beginning of 2022.
The S&P 500 edged up 0.1%, while the Nasdaq Composite hovered near the flatline. The Dow Jones Industrial Average rose 44 points, or 0.1%. The muted action comes ahead of a critical stretch for markets, with more than 150 S&P 500 companies scheduled to report earnings next week.
The state of suspended animation in today's markets is remarkably bullish. U.S. growth forecasts are rising, S&P 500 earnings growth estimates for next year are running at a punchy 14%, and world stocks are at record highs.
The U.S. stock market ended higher Friday, with the S&P 500 finishing the week by notching a fifth straight record peak. The S&P 500 closed 25.29 points higher, or 0.4%, at 6,388.64. The Nasdaq Composite increased 50.