Tech Stocks Rally As Investors Await Magnificent 7 Earnings; Dollar Eyes Fourth Straight Positive Week: What's Driving Markets Friday?

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 ...