Tech powers S&P 500, Nasdaq to all-time highs

The S&P 500 and Nasdaq (^GSPC, ^IXIC) soar to record highs with huge tech earnings fueling the rally. Catch The Final Round at 3:55 p.m. with Jen Rogers, Mark Spellman of Alpine Funds and Yahoo Finance markets correspondents Myles Udland and Nicole Sinclair.

Today we discuss:

  • All-time highs for some of the biggest names in tech. Can the party roll on in Q4?
  • Drugmakers are in focus on Washington and Wall Street. Will a CVS-Aetna merger shakeup the industry even more?

Winners & Losers

Stocks moving higher include:

  • AbbVie as the drugmaker beat on earnings and upped its dividend by 11%
  • First Solar as the solar panel maker beat on both the top and bottom lines
  • Intel as the chipmaker beat on earnings and raised its full-year outlook citing its data center business

Stocks ending the week on a down note include:

  • Gilead as the drugmaker’s hepatitis C treatment sales drew concern
  • JCPenney as the department store operator warned it would lose twice as much money as it forecast this quarter
  • Mattel, as the toymaker missed by a wide margin and suspended its dividend