U.S. stocks are reaching new records as the S&P 500 climbed 0.4% and set an all-time high for the fifth time this week. The Dow Jones Industrial Average increased by 0.5%, while the Nasdaq added 0.2%. Deckers, the maker of Ugg boots and Hoka shoes, saw a significant rise of 11.3% after exceeding profit and revenue expectations. Other notable gainers included Edwards Lifesciences, which rose 4.3%. In contrast, Intel experienced a downturn of 8.5%, following news of job cuts and a reported loss.
The S&P 500 rose 0.4% Friday, setting an all-time high for the fifth time this week. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite added 0.2% to its own record set the day before.
Deckers helped lead the way with a gain of 11.3%. The company behind Ugg boots and Hoka shoes reported stronger profit and revenue than analysts expected.
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