Wall Street ends higher as investors turn to earnings season

STORY: U.S. stocks closed higher on Friday, with the Dow gaining nearly three-tenths of a percent, the S&P 500 adding more than four-tenths of a percent to end just short of a record high, and the Nasdaq climbing nearly three-tenths of a percent.The AI trade returned to the spotlight after South Korean memory chip maker SK Hynix ended almost 13% above its offer price at $168 in a blockbuster U.S. listing. The company raised over $26 billion on Thursday by selling American Depositary Receipts priced at $149 each.U.S. stocks added to gains after President Donald Trump said that Iran had asked to continue talks and the U.S. had agreed, but that the June ceasefire was "over."Ross Mayfield is investment strategist at Baird Private Wealth Management."Today I think markets are a little bit higher as it's evident once again that neither Iran nor the U.S. really want to re-engage in a hot war in the Middle East. This is going to be a volatile back and forth, who knows what will happen over the weekend. But I do think even a little bit of calm is helping markets, helping yields and oil pull back. And then this is kind of a calm before the storm. Not a lot going on today besides the SK Hynix debut. But next week - retail sales, CPI (Consumer Price Index), and the start of bank earnings. So a lot for investors to prep for, kind of a calm before the storm trading day."Stocks on the move Friday included Meta Platforms, which jumped 6% to its highest level since April.Shares of Moderna tumbled almost 11% in its worst day in over a year.And shares of Delta Air Lines dropped more than 1.5%, even after the carrier forecast third-quarter profit above expectations.Investors now look to quarterly earnings season, which kicks off next week.