The major averages finished out another strong week with new record highs as corporate earnings keep coming in better than expected. The Dow Jones Industrial Average rose 208 points, or 0.47%, to settle at 44,901, not far from its December record close of 45,014.
The S&P 500 rose 25 points or 0.4%, 14th record close of the year at 6,388. The Nasdaq Composite rose 50 points or 0.24% to 21,108.32 for its 15th record close in 2025.
All three major averages finished the week with gains. The 30-stock Dow posted a roughly 1.3% advance in the period, while the tech-heavy Nasdaq rose 1% and the broad market S&P 500 gained about 1.5%.
Friday marked a fifth consecutive day of closing records for the S&P 500, with the index finishing above 6,300 for the first time on Monday. The Nasdaq, meanwhile, has seen four record closes this week, breaking the 21,000 threshold on Wednesday.
This weeks’ gains were led by strong earnings from the likes of Alphabet, Verizon, GE, Blackstone, DR Horton, and General Dynamic. All six stocks are from different sectors.
More than 82% of the 169 S&P 500 companies that have reported to date have beaten Wall Street’s expectations, per FactSet data.
Next week, will be the busiest week of earnings so far with more than 150 S&P 500 companies due to post their quarterly results. That includes names in the “Magnificent Seven,” such as Meta Platforms and Apple.
Next week the Federal Reserve is scheduled to meet once again. Policymakers are widely expected to keep interest rates unchanged. Interest rates were quiet.
Oil was a dog this week, down a percent today, closing at a 3 week low. Gold was down a percent while bitcoin fell 1.5%.
All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage.