Dow Industrials Eye Record Highs as Earnings Season Kicks into Gear

The Dow industrials are set to test their record highs on Thursday, following a fifth consecutive day of gains that pushed them to new all-time finishes.

This week's upward momentum was driven by strong quarterly results from companies like Amgen and Disney, which both rose after reporting well-received earnings. Meanwhile, Nvidia saw its stock increase after Elon Musk announced that his space-and-technology firm SpaceX will exclusively use Nvidia chips going forward.

However, Alphabet-A fell on news of a key AI executive's departure from the company, while Advanced Micro Devices and SanDisk suffered losses following their own quarterly results. These declines contributed to broader market instability in the tech sector, with stocks like Western Digital dropping 5.4% ahead of earnings before further declining after their numbers were released.

On Thursday, investors will be watching as over 500 companies release their quarterly reports, which could have a significant impact on market performance.