The U.S. stock market closed out its eighth straight winning week.
The S&P 500 climbed 0.4 percent Friday and pulled closer to its all-time high set in the middle of last week. The Dow Jones Industrial Average added 0.6 percent, and the Nasdaq composite climbed 0.2 percent.
Ross Stores, Workday, and Zoom Communications helped drive the market higher after reporting stronger profits than analysts expected. Such reports are keeping stocks near records even after a survey showed sentiment among U.S. households fell to a record low on worries about inflation caused by the war with Iran.
On Friday:
The S&P 500 rose 27.75 points, or 0.4 percent, to 7,473.47.
The Dow Jones Industrial Average rose 294.04 points, or 0.6 percent, to 50,579.70.
The Nasdaq composite rose 50.87 points, or 0.2 percent, to 26,343.97.
The Russell 2000 index of smaller companies rose 25.77 points, or 0.9 percent, to 2,869.23.
For the week:
The S&P 500 is up 64.97 points, or 0.9 percent.
The Dow is up 1,053.53 points, or 2.1 percent.
The Nasdaq is up 118.83 points, or 0.5 percent.
The Russell 2000 is up 75.93 points, or 2.7 percent.
For the year:
The S&P 500 is up 627.97 points, or 9.2 percent.
The Dow is up 2,516.41 points, or 5.2 percent.
The Nasdaq is up 3,101.98 points, or 13.3 percent.
The Russell 2000 is up 387.32 points, or 15.6 percent.
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