U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo, and other big financial companies rallied following better-than-expected profit reports.
The S&P 500 rose 0.6 percent Friday, topping its all-time high set earlier this week. The Dow Jones Industrial Average jumped 1 percent and also notched a record. The Nasdaq composite lagged the market with a gain of 0.3 percent after a slide for Tesla kept it in check.
The electric vehicle maker tumbled following the unveiling of its long-awaited robotaxi. Treasury yields held relatively steady after the latest updates on inflation at the wholesale level and on sentiment among U.S. consumers.
On Friday:
The S&P 500 rose 34.98 points, or 0.6 percent, to 5,815.03.
The Dow Jones Industrial Average rose 409.74 points, or 1 percent, to 42,863.86.
The Nasdaq composite rose 60.89 points, or 0.3 percent, to 18,342.94.
The Russell 2000 index of smaller companies rose 45.99 points, or 2.1 percent, to 2,234.41.
For the week:
The S&P 500 is up 63.96 points, or 1.1 percent.
The Dow is up 511.11 points, or 1.2 percent.
The Nasdaq is up 205.09 points, or 1.1 percent.
The Russell 2000 is up 21.61 points, or 1 percent.
For the year:
The S&P 500 is up 1,045.20 points, or 21.9 percent.
The Dow is up 5,174.32 points, or 13.7 percent.
The Nasdaq is up 3,331.59 points, or 22.2 percent
The Russell 2000 is up 207.34 points, or 10.2 percent.
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