U.S. stocks were mostly rising midday Friday, with all three major benchmarks on track for weekly gains. The S&P 500 was up 17 points, or 0.3%, at almost 5,859. The Nasdaq Composite was advancing nearly 102 points, or 0.6%, to 18,475.

The Dow and S&P 500 notched new highs on Friday, with the broader index closing above 5,800 for the first time as big US banks got earnings season underway. The Dow Jones Industrial Average (^DJI) rose nearly 1% as JPMorgan Chase (JPM) shares surged.

The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.