Stock markets rose on Friday with the S&P 500 index hitting yet another record, as tech stocks gained ahead of some major earnings news next week. The three key indices all rose, overcoming growing concern about COVID-19 variants and how that may impact economic recovery. Those gains came after kicking off the week in the red, after the Dow was down more than 700 points on Monday.
Equity investors dove back into the market to close the week; the Dow Jones Industrial Average rose 238 points, or 0.68%, to 35,062.41, while the S&P 500 and Nasdaq Composite climbed 1% each, sending all major averages to new records.
Next week, investors can expect the latest earnings reports from major U.S. tech companies, such as Tesla, Google, and Microsoft, while tracking news of the COVID-19 delta variant and how that may impact the return to work for many companies this fall.
