S&P 500, Dow Scale New Peaks; Nasdaq Hit by Facebook

S&P 500, Dow Scale New Peaks; Nasdaq Hit by Facebook
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 20, 2021. Brendan McDermid/Reuters
Reuters
Updated:

The Dow and the S&P 500 hit record highs on Friday following positive earnings from American Express, while the Nasdaq was pressured after social media giants including Facebook tumbled on Apple privacy tweak worries.

The benchmark index hit an intraday record for the second straight session and was set for weekly gains of 1.8 percent, extending a bullish run for the third consecutive week.