U.S. stocks capped another strong week with more records on Friday. The S&P 500 rose 0.4 per cent to set an all-time high, the fifth time this week.

Wall Street Is Cautious About the Market Rally. What Will Really Drive Stocks Now. Wall Street is still treating the current stock market rally with caution, even after a near 30% or trough-to-peak surge for the S&P 500 over the past three months, as tariff and interest-rate uncertainty linger into the start of the second-quarter earnings season.

Wall Street is hanging near its records on Thursday, but the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rallying, and Tesla is sinking sharply following a jumble of profit reports from big U.