<p>Wall Street gained on Friday as Disney and Cisco's upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine.</p>.<p>Cisco Systems Inc and Walt Disney Co were the top gainers among 30 Dow components, helping the blue-chip index rise 0.8%.</p>.<p>The network gear maker jumped 6.3% as it gained from a work-from-home driven surge in demand, while Disney rose 2.2% as its rapidly growing streaming video business, and a partial recovery at its theme parks limited its quarterly loss.</p>.<p>"We are finishing an extremely strong earnings season with an exclamation point on Disney's impressive earnings," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p>.<p>"Corporate America is still optimistic about the future and that's helping stocks recover, along with positive vaccine news earlier this week."</p>.<p>The third-quarter earnings season is in its final stretch with about 90% of S&P 500 companies having reported so far, according to Refinitiv IBES data. Overall profit is expected to fall 7.8% from last year, a significant improvement from a 21.4% slump forecast on Oct. 1.</p>.<p>Wall Street's major indexes broadly fell on Thursday as US coronavirus cases jumped and investors weighed how fast an effective vaccine would be rolled out.</p>.<p>More than a dozen U.S. states reported a doubling of new Covid-19 cases in the last two weeks, with Chicago's mayor issuing a month-long stay-at-home advisory on Thursday.</p>.<p>Positive data from a late-stage vaccine development earlier this week lifted demand for sectors that usually benefit from an upswing in the economy, such as financial and energy stocks, putting the S&P 500 and Dow on track for weekly gains.</p>.<p>The tech-heavy Nasdaq, however, is headed for a weekly decline as investors booked profits in market-leading technology stocks, which have benefited from a stay-at-home environment.</p>.<p>At 09:42 a.m. ET the Dow Jones Industrial Average rose 238.36 points, or 0.82%, to 29,318.53, and the S&P 500 gained 28.46 points, or 0.80%, to 3,565.47. The Nasdaq Composite gained 98.56 points, or 0.84%, to 11,808.15.</p>.<p>Cisco's shares helped the tech sector rise by 0.8%, providing the biggest boost to the S&P 500 index.</p>.<p>All major S&P sectors were higher with materials, industrials and energy gaining about 1% each.</p>.<p>Applied Materials Inc rose 4.7% after the chip-gear maker forecast current-quarter revenue and profit ahead of expectations.</p>.<p>Advancing issues outnumbered declining ones on the NYSE by a 5.4-to-1 ratio, while a 3.8-to-1 ratio favored advancers on the Nasdaq.</p>.<p>The S&P 500 posted two new 52-week highs and no new low, and the Nasdaq Composite recorded 39 new highs and four new lows.</p>
<p>Wall Street gained on Friday as Disney and Cisco's upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine.</p>.<p>Cisco Systems Inc and Walt Disney Co were the top gainers among 30 Dow components, helping the blue-chip index rise 0.8%.</p>.<p>The network gear maker jumped 6.3% as it gained from a work-from-home driven surge in demand, while Disney rose 2.2% as its rapidly growing streaming video business, and a partial recovery at its theme parks limited its quarterly loss.</p>.<p>"We are finishing an extremely strong earnings season with an exclamation point on Disney's impressive earnings," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p>.<p>"Corporate America is still optimistic about the future and that's helping stocks recover, along with positive vaccine news earlier this week."</p>.<p>The third-quarter earnings season is in its final stretch with about 90% of S&P 500 companies having reported so far, according to Refinitiv IBES data. Overall profit is expected to fall 7.8% from last year, a significant improvement from a 21.4% slump forecast on Oct. 1.</p>.<p>Wall Street's major indexes broadly fell on Thursday as US coronavirus cases jumped and investors weighed how fast an effective vaccine would be rolled out.</p>.<p>More than a dozen U.S. states reported a doubling of new Covid-19 cases in the last two weeks, with Chicago's mayor issuing a month-long stay-at-home advisory on Thursday.</p>.<p>Positive data from a late-stage vaccine development earlier this week lifted demand for sectors that usually benefit from an upswing in the economy, such as financial and energy stocks, putting the S&P 500 and Dow on track for weekly gains.</p>.<p>The tech-heavy Nasdaq, however, is headed for a weekly decline as investors booked profits in market-leading technology stocks, which have benefited from a stay-at-home environment.</p>.<p>At 09:42 a.m. ET the Dow Jones Industrial Average rose 238.36 points, or 0.82%, to 29,318.53, and the S&P 500 gained 28.46 points, or 0.80%, to 3,565.47. The Nasdaq Composite gained 98.56 points, or 0.84%, to 11,808.15.</p>.<p>Cisco's shares helped the tech sector rise by 0.8%, providing the biggest boost to the S&P 500 index.</p>.<p>All major S&P sectors were higher with materials, industrials and energy gaining about 1% each.</p>.<p>Applied Materials Inc rose 4.7% after the chip-gear maker forecast current-quarter revenue and profit ahead of expectations.</p>.<p>Advancing issues outnumbered declining ones on the NYSE by a 5.4-to-1 ratio, while a 3.8-to-1 ratio favored advancers on the Nasdaq.</p>.<p>The S&P 500 posted two new 52-week highs and no new low, and the Nasdaq Composite recorded 39 new highs and four new lows.</p>