On Friday, Wall Street extended its rise, pushing all three major U.S. stock indexes to new closing highs, as good results and signs of economic recovery fuelled investor risk appetite.

The S&P 500, Nasdaq, and Dow all gained ground this week.

“We’re seeing a repeat of the last few days. It’s like riding a roller coaster backwards. We were the first to decline, and we’ve been rising back up ever since “Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina, echoed these sentiments.

For much of the week, growth and value stocks swung back and forth as investors juxtaposed rising COVID-19 Delta infections against solid corporate earnings and signs of economic recovery.

“There’s a push and pull in the market, and there’s certainly friction,” Zaccarelli remarked. “Whether the future is bright or if there are clouds on the horizon, there is a considerable difference of opinion.”

Market investors are now looking ahead to the Federal Reserve’s two-day monetary policy meeting next week, as well as a slew of high-profile earnings reports.

The Fed’s statement will be parsed for clues regarding the timeframe for tightening its accommodative policies, although Chairman Jerome Powell has repeatedly said the economy still needs the central bank’s full support.

Unofficially, the Dow Jones Industrial Average rose 238.34 points, or 0.68%, to 35,061.69, the S&P 500 gained 44.33 points, or 1.02%, to 4,411.81 and the Nasdaq Composite added 152.39 points, or 1.04%, to 14,836.99.

Second-quarter reporting season is firing all pistons, with 120 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus, according to Refinitiv.

“We’re seeing companies, on average, beat on the top and on the bottom line,” Zaccarelli said. “We’re seeing the resilience of the consumer and that’s been the story of the earnings season so far.”

Analysts now expect aggregate year-on-year S&P 500 earnings growth of 78.1% for the April to June period, a sizeable increase from the 54% annual growth seen at the beginning of the quarter.

Shares of chipmaker Intel Corp fell after said late Thursday that it still faces supply constraints and provided disappointing guidance.

American Express Co gained following the release second-quarter results, which handily beat expectations on the strength of a global recovery in consumer spending.

Social media firms Twitter Inc and Snap Inc advanced on the back of their upbeat results.

Those reports gave a boost to shares of Facebook Inc, which is due to post second-quarter results next week.

Other high-profile earnings expected next week include Tesla Inc, Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com.

Industrials Lockheed Martin Corp, Boeing Co, Ford Motor Co, General Dynamics Corp, 3M Co Caterpillar Inc, Chevron Corp and Exxon Mobil Corp, along with a host of healthcare, consumer goods and others, are also on deck.