U.S. stocks were pulling back from record territory in the final hour of trade Thursday as investors looked forward to big banks kicking off earnings season in earnest. "Inflation is ebbing lower, but it's going to take some time," said Anthony Saglimbene, chief market strategist at Ameriprise Financial, in a phone interview.

U.S. stocks are rising toward records as JPMorgan Chase, Wells Fargo and other big financial companies rally following better-than-expected profit reports.

U.S. stocks rose to records as JPMorgan Chase, Wells Fargo and other big financial companies rallied on better-than-expected profit reports.

Financial powerhouses including JPMorgan, Wells Fargo and BlackRock reported strong earnings on Friday, sending shares soaring and Wall Street into new record territory. U.S.: Tesla keeps Nasdaq in check while Dow and S&P set records The S&P 500 set another new record,

U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo and other big financial companies rallied following better-than-expected profit reports. The S&P 500 rose 0.6% Friday, topping its all-time high set earlier this week.

Strong Q3 earnings reports fueled good numbers on major indices but Tesla's 'We, Robot' event left investors with more questions than answers.