Since hitting a 52-week closing low on April 8, the S&P 500 index has rallied back by more than 25%, according to FactSet data. On Thursday, the index tallied its latest record closing high, and it even briefly tapped a fresh intraday record Friday shortly after the opening bell. It stood at 6,299 in recent trade on Friday.

All the three major US stock indices opened higher on Friday as investors processed a fresh wave of corporate earnings reports. Minutes into the trade, the S&P 500 rose 0.8% to hit a fresh record of 6,