Major U.S. indexes reached all-time highs, led by tech stocks, while earnings from SpaceX and others influenced market movements.
The Dow Jones Industrial Average and S&P 500 closed at record highs this week, while the Nasdaq Composite confirmed its rally, surging past key resistance levels. Strong earnings reports from select companies, including Palantir and SanDisk, contributed to the gains, though SpaceX (SPCX) dipped following its first post-IPO earnings release despite a weekly rise.
Crude oil prices declined for a second consecutive week, and Treasury yields retreated from recent highs, easing pressure on equities. Analysts upgraded SpaceX to a buy rating, citing its AI investment timeline, while Rocket Lab (RKLB) jumped after its 92nd Electron mission success.
The broader market rally reflected optimism over corporate earnings and easing macroeconomic pressures, with investors focusing on tech and growth stocks.