U.S. equities advanced on Friday, with the Nasdaq Composite climbing 201.89 points, or 0.95%, to a record 21,444.58. The S&P 500 added 50.01 points, or 0.79%, to 6,390.01, narrowly eclipsing its previous peak, while the Dow Jones Industrial Average rose 201.04 points, or 0.46%, to 44,169.68. Technology shares again led the charge. Apple extended a week-long rally tied to its plan to expand U.S. manufacturing investment, and Gilead Sciences gained after raising its full-year guidance. Broad strength across the sector helped the Nasdaq register its second straight record close and pushed the S&P 500 to within a whisker of its own all-time high. For the week, all three benchmarks finished higher, giving the Nasdaq its best five-day stretch since June. Investors largely looked past the 145% tariffs that came into force earlier in the week and instead focused on expectations that the Federal Reserve will begin trimming interest rates as soon as next month; futures imply about a 90% chance of a cut. The combination of rate-cut optimism and better-than-expected corporate earnings kept risk appetite intact despite the policy uncertainty.