Stocks are ending the week on a high note, with tech leading the charge as investors position ahead of next week’s pivotal earnings releases from five of the “Magnificent Seven” stocks.

Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), Meta Platforms Inc. (NASDAQ:META), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) will all report quarterly earnings between Oct. 29 and Oct. 31.

Combined, nearly 45% of the S&P 500 by market cap is set to report results next week, with other heavyweights including McDonald’s Corp. (NYSE:MCD), Visa Inc. (NYSE:V), Eli Lilly and Co. (NYSE:LLY), Mastercard Inc. (NYSE:MA), Chevron Corp. (NYSE:CVX) and Exxon Mobil Corp. (NYSE:XOM).

Tesla Inc. (NASDAQ:TSLA) continued its upward trajectory on Friday, rising 2.7% following a massive 21% jump on Thursday — its biggest one-day gain since May 2013.

The S&P 500 was up 0.5% at midday trading in New York, while the Nasdaq 100 surged by 1.5%, fueled by semiconductor stocks.

The Dow Jones Industrial Average fell 0.3%, on track to end a six-week winning streak. The U.S. dollar strengthened further, with the DXY Index rising past the 104 mark, setting up for a fourth straight week of gains. Meanwhile, Treasury yields were steady.

WTI crude rose 1.8%, driven by concerns over geopolitical tensions in the Middle East. Bitcoin (CRYPTO: BTC) is up slightly at $67,695.

Friday’s Performance In Major U.S. Indices, ETFs

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.5% to $582.19.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) eased 0.2% to $423.18.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rallied 1.3% to $498.83.
• The iShares Russell 2000 ETF (NYSE:IWM) inched 0.2% up to $220.09.
• The Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up by 1.4%. The Utilities Select Sector SPDR Fund (NYSE:XLU) lagged, down 0.9%.

Thursday’s Stock Movers

• Capital One Financial Corp. (NYSE:COF) rallied 7% to levels last seen in October 2021 on better-than-expected quarterly results.
• Digital Realty Trust (NYSE:DLR) rallied over 10% after reporting record new lease bookings.

Other stocks reacting to earnings included:

• Ameriprise Financial Inc. (NYSE:AMP), down 0.13%
• DexCom Inc. (NASDAQ:DXCM), down 1%
• ResMed Inc. (NYSE:RMD) up 7.6%,
• Skechers U.S.A. Inc. (NYSE:SKX) down 0.2%,
• Western Digital Corp. (NASDAQ:WDC) up 7.6%,
• Deckers Outdoor Corp. (NYSE:DECK), up 11%
• Edward Lifesciences Corp. (NYSE:EW), down by 0.6%
• HCA Healthcare Inc. (NYSE:HCA), down 10%,
• Aon plc (NYSE:AON), up 6%,
• Colgate-Palmolive Company (NYSE:CL), down 3.4%,
• Centene Corp. (NYSE:CNC), up 6.7%,
• Saia Inc. (NASDAQ:SAIA), up 9.2%.

Read Now:

• Goldman Sachs Analyst Remains Bullish On Boeing Despite Weak Q3: ‘Long-Term Deep-Value Opportunity‘

Photo: Shutterstock