S&P 500 Eyes Longest Weekly Winning Run in 2024: Markets Wrap

Wall Street traders wading through a slew of corporate results sent stocks toward their longest weekly winning run in 2024.

Equities hovered near record levels, with the S&P 500 set for its sixth consecutive week of gains. Big tech outperformed on Friday, buoyed by solid earnings from Netflix Inc., which drove the shares up 10% to an all-time high. Apple Inc. climbed 1.3% on news iPhone 16 sales in China surged 20% in their first three weeks compared with the previous model. American Express Co. sank 3% after trimming its revenue forecast as it awaits signs of economic improvement ...