US stock indices rose on Friday as US treasury yields dropped, while investors assess the latest corporate results, with both Dow Jones and SP 500 closing at new record highs.

US two-year treasury yields fell by 3.1 basis points to 3.954% from 3.985%, while 10-year treasury yields fell by 1.9 basis points to 4.076%.

The European Central Bank voted to cut interest rates by 25 basis points to 3.40%, the lowest since February 2023, thus matching analysts' expectations.

It shows that global central banks are more convinced now that prices have come under control.

At the close, Dow Jones was up 0.1% at 43276, with a weekly profit of 0.95%.

SP 500 was up 0.4% at 5864, with a weekly profit of 0.85%.

NASDAQ rose 0.6% to 18,489, with a weekly profit of 0.8%.