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S&P 500 closes at record, topping June high, on bets for a strong earnings season

Stocks rose to record levels on Friday as earnings season kicked off.

The S&P climbed 0.6 percent to close at 2,459.27, setting intraday and closing records. The index's previous intraday record was 2,453.82, which was set June 19.

The Dow Jones industrial average closed 84.65 points higher at 21,637.74, a record. The 30-stock index also notched an intraday record.

The Nasdaq composite outperformed the Dow and the S&P, rising 0.6 percent to close at 6,312.47.

The major indexes have overcome several hurdles recently to climb back to record territory. First, tech stocks showed signs of weakness to close out the first half of the year. Tech has been the best-performing sector this year, rising about 20 percent.

The U.S. stock market has also overcome headlines regarding Russia's involvement in the U.S. election as they awaited the start of earnings season.

JPMorgan Chase, Citigroup and...


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