The Dow Jones Industrial Average advanced on Friday as the major U.S. averages headed for weekly gains.
The 30-stock index hiked 182.47 points to 44,052.82.
The S&P 500 index gathered 5.54 points to 5,954.25.
The NASDAQ Composite slid 29.92 points to 18,942.50, hurt by slides of more than 2% in Nvidia and 1% in Alphabet.
All three major averages are on track to end the week higher by more than 1%. That marks a turn from last week, when Wall Street’s postelection rally stalled.
Shares of Gap jumped more than 7% after the company beat earnings estimates and hiked its full-year sales guidance. However, Intuit slid more than 4% even after its quarterly report exceeded expectations on the top and bottom lines.
Elsewhere, investors kept an eye on bitcoin as it neared the long-awaited milestone of $100,000.
Prices for the 10-year Treasury lost a bit, raising yields to 4.43% from Thursday’s 4.42%. Treasury prices and yields move in opposite directions.
Oil prices gained 58 cents to $70.68 U.S. a barrel.
Prices for gold hiked $26.80 an ounce to $2,701.70 U.S.
