US stocks moved higher Friday, with the Dow Jones Industrial Average on pace for a 10-day winning streak — it's longest stretch in the green since 2017.
Corporate earnings have been mostly positive as second quarter reporting season kicked off in earnest this week. The big US banks were largely upbeat in their results, though traders reacted negatively to Netflix and Tesla earnings midweek. FactSet data shows that more than 70% of companies that have reported so far have beat analysts' expectations. Traders will be watching for a key rebalancing of the Nasdaq-100 on Monday.
Next week, traders will be bracing for more mega-cap earnings from companies including Microsoft and Meta, consumer giant Procter & Gamble, and oil producers Chevron and Exxon Mobil.
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