The S&P 500 Index ($SPX) (SPY) Friday closed up +1.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.29%.
Stocks on Friday settled moderately higher, with the Dow Jones Industrials posting a new all-time high. Positive corporate and economic news Friday boosted stocks. Intel closed up more than +9% after Bloomberg News reported that the company is discussing various scenarios, including a split of its product design and manufacturing businesses. Also, Marvell Technology rose more than +9% after reporting stronger-than-expected Q2 net revenue and forecasting Q3 net revenue above consensus. In addition, MongoDB closed up more than +18% after reporting Q2 adjusted EPS well above consensus and raising its 2025 adjusted EPS forecast.
