The S&P 500 and Dow Jones Industrial Average hit fresh all-time highs on Friday as both indexes looked to cap off a positive week on a high note.
The 30-stock index added 28.94 points to Thursday's all-time record to open Friday at 35,528.79
The S&P 500 gained 5.25 points to 4,464.35, to improve on Thursday's all-time high.
The NASDAQ inched upward 1.47 points to 14,817.73.
The blue-chip Dow is up 0.8% through Thursday and the S&P 500 has jumped 0.6%, on track to close out a winning week. The tech-heavy NASDAQ Composite has underperformed so far this week, down 0.1%.
Shares of Disney jumped more than 2% after it reported blowout fiscal third-quarter earnings, helping pushing the Dow to a new record. The media giant crushed Wall Street expectations on Disney+ subscriber growth and overall revenue and earnings.
Among the S&P sectors, consumer staples and utilities outperformed as Tyson Foods added 2.4% and FirstEnergy rose 1%. Energy and industrials again underperformed with Hess down 1.5% and United Rentals retreating 2.3%.
Stocks are rising to records on the back of a stellar earnings season.
Year-over-year earnings growth is expected to be 92.9%, according to Refinitiv. So far about 90% of the S&P 500 companies have handed in their quarterly report, and about 88% of them beat earnings estimates from Wall Street analysts, according to Refinitiv.
Airbnb shares fell 1.1% after the travel company issued a warning about volatility due to the COVID delta variant.
Investors digested mixed economic data.
The University of Michigan's sentiment read for August printed at just 70.2, the weakest since December 2011. BMO Capital Markets strategist Ian Lyngen said that the low reading reflects not only higher prices, but also the uptick in the delta variant case count.
Prices for 10-Year Treasurys gained ground, lowering yields to 1.30% from Thursday's 1.36%. Treasury prices and yields move in opposite directions.
Oil prices fell 52 cents to $68.57 U.S. a barrel.
Gold prices prospered $28.40 to $1,780.20 U.S. an ounce.