Stocks finished higher on Friday after a week of better-than-expected earnings highlighted how corporate profits have continued to march higher despite global growth headwinds.
The S&P 500 rose 0.8% to end around 2,664. The Dow Jones Industrial Average advanced 176 points, or 0.7%, to finish near 24,729, based on preliminary numbers. The Nasdaq Composite climbed 1.3% to end near 7,165. For the week, all three equity benchmarks were mostly flat. Investors highlighted the upbeat tone in management conference calls amid concerns earnings growth had peaked last year as the boost from tax cuts faded.
In corporate news, shares for Intel Corp. fell 6% after the chip manufacturer missed its sales expectations.