– The leading business index in the United States, the S&P 500, reached an all-time high on Friday.
– The Dow Jones Industrial Average also saw significant gains, closing at a record high.
– The gains were driven by strong quarterly earnings reports from major companies such as Coca-Cola and American Express.
– In the technology sector, Google’s parent company Alphabet reported better-than-expected revenue growth.
– The strong performance in the stock market comes amid ongoing concerns about the global economic outlook and uncertainty surrounding trade negotiations between the U.S. and China.