Lisa covers markets and investing for CNBC.com and CNBC Pro.
Both the S&P 500 and the Dow Jones Industrial Average surged to new record highs Friday, sealing six straight weeks of gains. The broad market benchmark advanced 0.40% to close at 5,864.67. The Dow Jones Industrial Average gained 36.86 points, or 0.09%, to end at 43,275.91. The Nasdaq Composite, led by a post-earnings jump in Netflix, ended the day up 0.63% at 18,489.55. The three major averages cinched their sixth straight positive week.
Procter & Gamble also reported better-than-expected earnings, while revenue fell short of estimates. More than 70 S&P 500 companies have reported earnings this season. Of those, 75% have beaten expectations, according to FactSet. Despite an expected increase in volatility in the market leading up to the election, stocks may actually continue to rally through November, according to Rob Williams, chief investment strategist at Sage Advisory. This would be atypical for an election year.
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