Wall Street rallied to new record highs Friday amid another round of strong earnings.
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Each of the three major indexes posted a record close. The Dow Jones Industrial Average gained about 220 points to 26,613. The S&P 500 jumped 33 points to 2,872. The Nasdaq Composite rose 94 points to 7,505.
Intel (INTC) highlighted the latest string of better-than-expected corporate earnings. The chipmaker’s shares climbed to their highest level in over 17 years before closing roughly 10% higher. Drugmaker AbbVie (ABBV) also reported a quarterly profit that beat expectations, sending shares 13% higher.
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