Stocks rose higher Friday as Wall Street posted another week of gains. The Dow Jones Industrial Average climbed over 30 points, while the S&P 500 Index and Nasdaq Composite advanced 0.4% and 0.6%, respectively.
Here's how the market settled to close out the week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For the Week:
All three major averages posted their sixth straight week of gains, marking the longest winning streak for the Dow and S&P 500 so far this year. The Dow rose nearly 1% on the week, while the S&P 500 was 0.85% higher and the Nasdaq added 0.8%.
On the Earnings Front:
Netflix
The company expects fourth-quarter revenue to rise 14.7% to $10.13 billion. For its full-year 2025, Netflix expects revenue between $43 billion to $44 billion, implying growth of 11% to 13% from its expected 2024 revenue of $38.9 billion.
Procter & Gamble
The company also reiterated its fiscal 2025 outlook, anticipating core net earnings per share between $6.91 to $7.05 and revenue growth of 2% to 4%.
In Economic News:
Housing Starts and Building Permits both declined in September, the Census Bureau reported Friday, signaling contraction in the housing market heading into the final quarter of the year.
New construction totaled 1.354 million for the month, decreasing by 0.5% from August's upwardly revised print but coming in slightly above consensus estimates. For permits, September saw authorizations decline by 2.9% from August's downwardly revised print to 1.428 million. September's total also came in below expectations.
In the News:
Apple
CVS Health
"In light of continued elevated medical cost pressures in the Health Care Benefits segment, investors should no longer rely on the Company's previous guidance provided on its second quarter 2024 earnings call," the company said in a release.
Spirit AeroSystems