Earnings season mostly wrapped up this week, capped off by Nvidia's results. The dollar, meanwhile, continued to rise, hitting its highest level since 2022.

Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week.

The Dow Jones Industrial Average climbed 426.16 points, or 0.97%, to finish the session at 44,296.51, while the S&P 500 gained 0.35% to close at 5,969.34, and the tech-heavy Nasdaq inched up 0.16% to end the day at 19,003.65.