Stocks rose on Friday, putting the Dow Jones on track for a 10th straight day of gains and for tech stocks to recover from their slump, as investors assessed the second-quarter earnings season to date.
The Dow Jones Industrial Average rose about 0.2%, after the blue-chip index surged thanks to its lead by Johnson & Johnson on Thursday. After the losing session, the S&P 500 added about 0.4%, while the Nasdaq Composite rose more than 0.7%.
This week's company results have eased concerns about the resilience of US consumers and about the health of the financial system after this spring's banking crisis.
Now the market is starting to look forward to big tech results from companies like Microsoft next week, after less-than-inspiring second-quarter updates from Tesla ( TSLA ) and Netflix ( NFLX ) sent the Nasdaq down sharply on Thursday.
Also, coming into focus is the Federal Reserve's policy decision next week, centered on the US economy's chances of avoiding a severe recession. The encouraging data flow shows its strength ahead of the central bank's rate hike campaign.
On the other hand, the US dollar index which measures the US dollar against six major currencies traded up 0.27% to a trading level of 100.870.
