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The NASDAQ Composite Index soared to an all-time high on Friday, boosted by megacap tech stocks.
The Dow Jones Industrials stumbled 259.96 points to complete Friday at 42,114.40
The S&P 500 ditched 1.4 points to 5,808.12.
The NASDAQ grabbed 103.12 points to end the day and week at 18,518.61.
Tech stocks boosted the market ahead of their upcoming earnings. Nvidia rallied about 0.7%, and shares of Meta, Amazon, Microsoft and Netflix were also higher. On the earnings front, HCA Healthcare lost 10% after reporting hurricane disruptions hit its quarterly earnings and full-year guidance, while Colgate-Palmolive shares shed 4% after the company reduced the low-end of its sales estimate for the year.
Both the S&P 500 and Dow were on track to snap a six-week winning streak. The former is down 1% week to date, while the latter has shed 2.7%. The NASDAQ, meanwhile, is on pace for its seventh weekly gain, advancing 0.1% this week.
Prices for the 10-year Treasury were neutral Friday, keeping yields at Thursday’s 4.24%,
Oil prices increased $1.48 to $71.67 U.S. a barrel.
Prices for gold vaulted $7.20 an ounce to $2.756.10 U.S.
