S&P Gains, Builds on Recent Records
The S&P 500 rose on Friday as it closes out a winning week following solid earnings results and the latest trade developments.
The Dow Jones Industrial Average recovered 51.65 points, to 44,745.56,
The much broader index forged ahead 12.07 points to 6,375.42.
The NASDAQ hiked 39.71 points to 21,097.27.
All three major averages are on pace to finish the week with gains. The 30-stock Dow is tracking for nearly a 1% advance on the week, as is the tech-heavy NASDAQ, while the S&P 500 has risen about 1.2% week to date.
Thursday marked the broad market index’s 13th record close of 2025, four of which were recorded this week as the index finished above 6,300 for the first time on Monday. The NASDAQ, meanwhile, has seen three record closes this week, breaking the 21,000 threshold on Wednesday.
The journey to all-time highs over this past week has been supported by a strong earnings season so far, including Alphabet’s better-than-expected earnings report.
Verizon shares also jumped after the telecommunications company surpassed expectations. Both stocks are on track for a winning week as well, with Alphabet up 4% on the week and Verizon up 5% week to date.
Recent deals between the U.S. and its trading partners have also helped push the market to new heights. Earlier this week, President Donald Trump announced a “massive” trade agreement with Japan, which includes 15% “reciprocal” tariffs. The president also said this week that the U.S. and Indonesia have settled on the framework of a trade agreement.
Trump said Friday that he expects more deals to be done before next week’s Aug. 1 tariff deadline.
Next week is also when the Federal Reserve is scheduled to meet once again. Policymakers are widely expected to keep interest rates at their current target range of 4.25% to 4.5%.
Prices for the 10-year treasury dipped, raising yields to 4.42% from Thursday’s 4.40%. Treasury prices and yields move in opposite directions.
Oil prices weakened 45 cents to $65.58 U.S. a barrel.
Gold prices handed back $33.80 to $3,339.70 U.S. an ounce.
