U.S. stocks closed slightly higher on Friday, with the S&P 500 notching gains for the third straight week. The S&P 500 gained 2.2% last week, while the Dow Jones ended the week with a 1.9% gain.
U.S. stocks traded mixed, with the Dow Jones falling around 30 points on Thursday.
Shares of Sonos, Inc. (NASDAQ: SONO) shares climbed during Thursday’s session following upbeat fourth-quarter results.
Companies Reporting Before The Bell
• Codere Online Luxembourg (NASDAQ:CDRO) is likely to report earnings for its third quarter.
• Movano (NASDAQ:MOVE) is projected to report earnings for its third quarter.
U.S. stocks could build on the momentum they picked up on Tuesday following the release of benign inflation data. Traders get to digest another batch of economic data on producer price inflation, retail sales, regional manufacturing activity, and a few speeches by Federal Reserve officials.