NEW YORK, Oct. 25 (Xinhua) -- U.S. stocks on Friday rose to end the week higher, with the Standard & Poor's 500-stock Index hitting an all-time high, boosted by a bunch of encouraging corporate earnings.
The Dow Jones Industrial Average rose 61.07 points, or 0.39 percent, to 15,570.28 points. The S&P 500 added 7.70 points, or 0. 44 percent, to 1,759.77 points. The Nasdaq Composite Index increased 14.40 points, or 0.37 percent, to 3,943.36 points.
The blue-chip Dow and broader S&P 500 logged a three-week winning streak, rising 1.1 percent and 0.9 percent in the week, respectively. The tech-rich Nasdaq also advanced 0.7 percent for the week.
UPS shares rose 1.19 percent to 95.61 U.S. dollars after the company's profits in the third quarter jumped more than expected.
Microsoft shares jumped 5.96 percent to 35.73 dollars after the tech giant reported its first fiscal quarter results that easily beat analysts' forecast after Thursday's closing bell.
Amazon.com shares soared 9.39 percent to 363.39 dollars after the e-commerce giant late Thursday reported a 24-percent jump in the third-quarter net sales that also topped market estimates.
According to Thomson Reuters' data, about 50 percent of the S&P 500 companies have posted their earnings results so far, of which, 68 percent beat earnings expectations. The generally positive earnings results boosted market sentiment.
On the economic front, new orders for the U.S. manufactured durable goods in September increased 3.7 percent to 233.4 billion dollars, the Commerce Department said Friday.
"While on the surface this appears to be a strong reading, it is not. Outside aircraft orders, September proved to be a lackluster month for business investment," FTN Financial economist Jay Morelock said in a note Friday.
The department said in a separate report that wholesale inventories advanced 0.5 percent in August, the biggest gain since January.
Moreover, U.S. consumer sentiment fell to 73.2 in October, the lowest since December 2012, which missed the market consensus, according to a Thomson Reuters/ University of Michigan survey.
The CBOE Volatility Index, widely considered as a fear gauge of the market, decreased 0.83 percent to end at 13.09.
In other markets, light, sweet crude for December delivery increased 74 cents to settle at 97.85 dollars a barrel on the New York Mercantile Exchange on Friday, while Brent crude for December delivery lost 6 cents to close at 106.93 dollars a barrel.
Gold future for December delivery on the COMEX division of the New York Mercantile Exchange inched up 2.2 dollars to settle at 1, 352.5 dollars per ounce Friday.
The U.S. dollar recovered against most major currencies Friday but it was still near the lowest in two years against the euro after the release of mixed economic data.
In late New York trading, the euro edged up to 1.3808 dollars from 1.3802 dollars of the previous session, and the British pound decreased to 1.6174 dollars from 1.6205 dollars.