JOHANNES EISELE/AFP via Getty Images
US stocks rose Friday, with traders looking to cap off a solid week of rebounds for the broader indexes following last week's decline.
Major averages were higher, with the Dow Jones Industrial Average jumping 300 points shortly after the opening bell. Bond yields edged lower, with the 10-year Treasury yield dipping by two basis points to 4.408%
The US dollar, meanwhile, continued its surge on Friday, with the dollar index rising to an intraday high of $108, representing its highest level since November 2022.
Since Trump's election win earlier this month, the US dollar has surged just over 4% as investors prepare for the potential of inflationary policies that would likely limit the Federal Reserve's ability to cut interest rates.
The US dollar index measures the performance of the dollar against a basket of currencies. A rising dollar serves as a profit headwind for US companies that generate revenue overseas, as sales in other currencies are eventually converted into fewer dollars.
With Nvidia the last remaining high-profile firm to report results earlier this week, investors can now assess the big takeaways from earnings season.
With 96% of S&P 500 companies having reported earnings, 77% beat profit estimates by a median of 6%, while 59% beat revenue estimates by a median of 4%, according to data from Fundstrat.
Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:
Here's what else is going on:
In commodities, bonds, and crypto:
