All three indexes reached new all-time highs. They also logged gains for the shortened Independence Day week as a whole.
And while the Delta variant remains a threat to the newly reopened economy, the market seemed to have brushed off its worries on Friday.
The bond market also reversed itself from Thursday’s close: The 10-year Treasury yield bounced back to 1.36% around the time of the stock market close.
Still, US investors aren’t blind to the uncertainties playing out in the global economy. Australia and other countries are tightening their Covid protocols, and the Tokyo Olympics will be held in empty stadiums — all of which is likely to weigh on global stock markets in the coming weeks.