Stocks are ending the week on a high note, with tech leading the charge as investors position ahead of next week’s pivotal earnings releases from five of the “Magnificent Seven” stocks.

Microsoft Corp. MSFT, Apple Inc. AAPL, Meta Platforms Inc. META, Amazon.com Inc. AMZN, and Alphabet Inc. GOOGLGOOG will all report quarterly earnings between Oct. 29 and Oct. 31.

Combined, nearly 45% of the S&P 500 by market cap is set to report results next week, with other heavyweights including McDonald’s Corp. MCD, Visa Inc. V, Eli Lilly and Co. LLY, Mastercard Inc. MA, Chevron Corp. CVX and Exxon Mobil Corp. XOM.

Tesla Inc. TSLA continued its upward trajectory on Friday, rising 2.7% following a massive 21% jump on Thursday — its biggest one-day gain since May 2013.

The S&P 500 was up 0.5% at midday trading in New York, while the Nasdaq 100 surged by 1.5%, fueled by semiconductor stocks.

The Dow Jones Industrial Average fell 0.3%, on track to end a six-week winning streak. The U.S. dollar strengthened further, with the DXY Index rising past the 104 mark, setting up for a fourth straight week of gains. Meanwhile, Treasury yields were steady.

WTI crude rose 1.8%, driven by concerns over geopolitical tensions in the Middle East. Bitcoin BTC/USD is up slightly at $67,695.

Friday’s Performance In Major U.S. Indices, ETFs

Major Indices	Price	1-day % change
Nasdaq 100	20,500.56	1.3%
S&P 500	5,839.28	0.5%
Russell 2000	2,219.60	0.3%
Dow Jones	42,271.11	-0.3%

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY rose 0.5% to $582.19.
• The SPDR Dow Jones Industrial Average DIA eased 0.2% to $423.18.
• The tech-heavy Invesco QQQ Trust Series QQQ rallied 1.3% to $498.83.
• The iShares Russell 2000 ETF IWM inched 0.2% up to $220.09.
• The Technology Select Sector SPDR Fund XLK outperformed, up by 1.4%. The Utilities Select Sector SPDR Fund XLU lagged, down 0.9%.

Thursday’s Stock Movers

• Capital One Financial Corp. COF rallied 7% to levels last seen in October 2021 on better-than-expected quarterly results.
• Digital Realty Trust DLR rallied over 10% after reporting record new lease bookings.

Other stocks reacting to earnings included:

• Ameriprise Financial Inc. AMP, down 0.13%
• DexCom Inc. DXCM, down 1%
• ResMed Inc. RMD up 7.6%,
• Skechers U.S.A. Inc. SKX down 0.2%,
• Western Digital Corp. WDC up 7.6%,
• Deckers Outdoor Corp. DECK, up 11%
• Edward Lifesciences Corp. EW, down by 0.6%
• HCA Healthcare Inc. HCA, down 10%,
• Aon plc AON, up 6%,
• Colgate-Palmolive Company CL, down 3.4%,
• Centene Corp. CNC, up 6.7%,
• Saia Inc. SAIA, up 9.2%.

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