Nasdaq rises to record close as Wall Street bets on strong earnings season

Read more on this subject: Stock Market
News Story Source: https://www.cnbc.com, Fred Imbert
The Nasdaq composite advanced 0.2 percent to 6,605.80 and notched intraday and closing records.

The S&P 500 finished 0.1 percent at 2,553.17 and hit an all-time intraday high, with information technology and materials leading advancers.

The Dow Jones industrial average closed 30.71 points higher at 22,871.72. The 30-stock index also hit an intraday record.

Bank of America jumped 1.5 percent on better-than-expected earnings. Netflix added 1.9 percent, crossing above $200 for the first time to an all-time high as investors bought the stock ahead of its earnings next week.

The three major indexes posted slight weekly gains. The S&P 500 and the Dow recorded their fifth consecutive weekly gains, while the Nasdaq has completed three.

"People are generally expecting a strong earnings season," said Tom Martin, senior portfolio manager at Globalt. He also said investors were worried about the market slipping as earnings season moved forward.

Nasdaq rises
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