US stocks clocked higher Friday, as Apple’s quarterly earnings restored hope after a mostly dismal week for Big Tech.
The Dow Jones Industrial Average marked its sixth consecutive daily gain and its fourth straight weekly gain. The S&P 500 and Nasdaq also scored positive weeks.
Apple stock saw its biggest surge since 2020 after the iPhone maker modestly beat profit and sales forecasts late Thursday. Meanwhile, Amazon stock slumped after the e-commerce behemoth gave a sluggish sales forecast for the holiday shopping season.
Here’s where US indexes stood shortly after the 4:30 p.m. closing bell on Friday:
- S&P 500: 3,901.05, up 2.46%
- Dow Jones Industrial Average: 32,861.80, up 2.59% (828.52 points)
- Nasdaq Composite: 11,102.45, up 2.87%
In commodities, bonds and crypto:
- West Texas Intermediate crude fell 0.97% to $88.20 per barrel. Brent crude, the international benchmark, fell 0.96% to $96.04
- Gold slipped 1.14% to $1,644.02 per ounce.
- The 10-year Treasury yield climbed 7.3 basis points to 4.012%.
- Bitcoin gained 0.34% to $20,585.14.
