S&P closed with a plus of 0,4 and Nasdaq with a plus of 0,2 percent. Also Dow Jones industrial index showed green numbers, up 0,5 percent, and is approaching its record from December last year.
Seen over the whole week, the increases are 1,5 percent for S&P500, 1,3 percent for Dow Jones and 1,0 percent for Nasdaq, according to AP.
”Strong pillars”
Electric car manufacturer Tesla, whose stock plummeted over 8 percent on Thursday after a quarterly report that disappointed market expectations and declining sales, recovered some of the loss and closed up 3,5 percent.
The joyful week has otherwise been marked by strong quarterly reports from major companies like Google owner Alphabet and telecom giant Verizon.
The bull market lives on, to a large extent driven by strong pillars. Inflation is stable, interest rates are staying within their price intervals and revenues are trending upwards, says Terry Sandven, capital management strategist at US Bank, to CNBC.
Eventful week
Next week awaits the most intense days of the reporting season with quarterly reports from over 150 companies on the S&P500 index. Including four of the so-called "magnificent seven" companies, iPhone manufacturer Apple, e-commerce giant Amazon, Facebook's parent company Meta and software company Microsoft.
Add to that the US central bank Fed's interest rate meeting and President Donald Trump's deadline for the postponed trade tariffs that expire on August 1, and it sets the stage for an intense week for the stock market.
