(CNBC) Stocks rose to record highs on Friday after some of the major financial companies in the U.S. reported strong quarterly results.
The Dow Jones industrial average rose 228.46 points to close at 25,803.19, an all-time high. J.P. Morgan Chase was among the best-performing stocks in the index, rising 1.7 percent.
The S&P 500 also reached a record high, climbing 0.7 percent to 2,786.24 with energy and consumer discretionary as the best-performing sectors. Energy stocks got a boost from rising oil prices.
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The index is also enjoying its best 10-day start to a year since 2003. In that time period, the S&P 500 is up 4.2 percent. It gained 5.9 percent during the first 10 days of 2003.