The S&P 500 rose and headed for a big weekly gain that would mark its longest winning streak since October.
The broad stock index rose about 0.2% on Friday after closing Thursday at the 19th all-time high for 2021. The benchmark is on track to make gains for the third consecutive week for the first time in nearly six months. The Nasdaq Composite added about 0.1%. The Dow Jones Industrial Average gained about 70 points, or 0.2%.
The S&P 500 and Nasdaq are on track to gain at least 2% per piece this week, while the Dow is on track to rise 1.3% weekly.
Shares have risen this week, driven by strong gains for tech companies after weeks of volatility. Bond markets calmed down, and yields fell for four days in a row before rising on Friday.
The shares of tech giants were one of the biggest winners in the stock market this week as investors returned to a trade that had been very popular for much of last year. Twitter shares are on track to add up to around 11% this week. Apple has gained 6.9%.