NEW YORK (AP) — The U.S. stock market is rising toward the finish of an eighth straight winning week on Friday, which would be its longest such streak since 2023.
The S&P 500 added 0.6% and pulled closer to its all-time high set in the middle of last week. The Dow Jones Industrial Average was up 307 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Ross Stores climbed 7.7% after the off-price retailer reported profit and revenue for the latest quarter that easily cleared analysts' expectations. CEO Jim Conroy said it saw strong customer traffic through the three months, and the company may have benefited from households spending their tax refunds.
