Dow clears 25K as the Nasdaq sits at a record high

U.S. stocks wrapped a winning week on Friday with the Dow Jones Industrial Average closing above the psychologically significant 25,000-point milestone, a one-month high. The S&P 500, the broadest measure of stocks, reached a 5-month high and the Nasdaq Composite even better, sitting at a record. A string of new records for some big tech names helped drive the momentum as  Amazon, Microsoft, Facebook and Google each hit all-time highs Friday.

Outside of tech, the broader momentum on the final trading day of the week was powered by solid earnings reports from a handful of big banks and easing concerns over a prolonged trade war.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	47954.99	+104.05	+0.22%
SP500	S&P 500	6870.4	+13.28	+0.19%
I:COMP	NASDAQ COMPOSITE INDEX	23578.128014	+72.99	+0.31%

JPMorgan Chase’s second-quarter earnings and revenue topped analysts’ expectations, Citigroup beat on earnings but missed on revenue while Wells Fargo missed on both earnings and revenue.

Ticker	Security	Last	Change	Change %
WFC	WELLS FARGO & CO.	89.83	-0.38	-0.42%
JPM	JPMORGAN CHASE & CO.	315.04	-1.06	-0.34%
C	CITIGROUP INC.	108.83	+1.03	+0.96%

Traders also had some economic data to contend with. The June U.S. import price index fell 0.4% on lower energy and food costs. This was the biggest drop for the index since February 2016. Export prices increased 0.3%.

The University of Michigan consumer sentiment index declined to 97.1 in July, below June’s 98.2 reading.

In commodities, oil was higher following its recent drubbing while gold settled near a one-year low.

Looking towards next week, investors will brace for a slew of more earnings including Goldman Sachs, Microsoft and General Electric. Additionally President Trump is set to meet with Russia's President Vladimir Putin.

FOX Business’ Ken Martin contributed to this article.