The S&P is closing higher for the ninth consecutive day.

Since bottoming on April 21, the index is up 11.48%.

Looking at the other major indices, the NASDAQ index is up 14.61%, and the Dow is up 9.22% over the same period.

For the day, the:

Dow industrial average rose 564 points or 1.39% at 41317.43
S&P index rose 82.54 points or 1.47% at 5686.65.
NASDAQ index rose to 66.99 points or 1.51% at 17977.73

For the week:

Dow industrial average rose 3.00%
S&P index rose 2.92%
NASDAQ index rose 3.42%

Looking at some of the individual stocks, Meta Platforms, and Microsoft beat expectations and were positive on for guidance. Amazon and Apple were less upbeat. Looking at their stock performances this week:

Meta Platforms rose 9.09%
Microsoft rose 11.08%
Amazon rose 0.52%
Apple fell-1.88%

Looking at the other three Magnificent 7 stocks:

Alphabet rose 1.28%
Nvidia rose 3.07%
Tesla rose 0.79%

The key earnings scheduled for next week include:

Monday – Before Open

Monday – After Close

Tuesday – Before Open

Celsius
Datadog
Ferrari
BP
Marriott International

Tuesday – After Close

Supermicro Computer
AMD
Rivian

Wednesday – Before Open

Uber
Walt Disney
Novo Nordisk

Wednesday – After Close

AppLovin
Carvana
Arm
DoorDash
Dutch Bros

Thursday – Before Open

Peloton
Shopify
ConocoPhillips

Thursday – After Close

The Trade Desk
Coinbase
Warner Bros. Discovery
DraftKings

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