Stocks rose again on Friday, using the momentum from Thursday's strong rally, as strong quarterly earnings reports and economic data signalled a recovering economy. All three market benchmark rose, with the Dow continuing to gain from its 34,000 milestone while the S&P 500 closed at a fresh record high.

For the week, market averages all gained more than 1%, with the Dow and S&P notching their fourth straight positive week, while the Nasdaq marked its third straight week of gains.

Meanwhile, consumer sentiment rose in April over March as the United States vaccine drive continued to accelerate and businesses began to reopening, benefitting economic outlooks. The University of Michigan's preliminary April consumer sentiment index reading was 86.5, up from March's final print of 84.9 but below expectations.

"Consumers in early April reported surging economic growth and strong job gains due to record stimulus spending, low interest rates, and the positive impact of vaccinations," Richard Curtin, Surveys of Consumers chief economist, said in a statement. "The Sentiment Index rose to tis best level in a year on the strength of recent gains in current economic conditions while future economic prospects remained unchanged from March."

Here's how the market settled to close out the week:

S&P 500 Index (SPY  ): +0.37% or +15.50 points to 4,185.92

Dow Jones Industrial Average (DIA  ): +0.51% or +172.68 points to 34,208.67

Nasdaq Composite Index (QQQ  ): +0.10% or +13.58 points to 14,052.34

For Stocks, Coinbase (COIN  ) was the second most popular app on the Apple App Store (AAPL  ), right behind Robinhood, as retail investors poured into cryptocurrency trade in the wake of Coinbase's massive direct listing.

For Sector Performance, sectors ended mostly higher alongside the broader market, with Materials (XLB  ) leading gains. Only Information Technology (XLK  ) and Energy (XLE  ) slipped into negative territory.

For Commodities and Currency, the U.S. Dollar (UUP  ) fell to a four-week low on Friday as U.S. Treasury yields continued to decline. The dollar index, which tracks the greenback against six other competing currencies, dipped 0.11% lower at 91.561 in afternoon trade. Gold (GLD  ) prices, on the other hand, rose on Friday on the dollar's weakness. Spot gold was 0.8% higher at $1,778.04 per ounce later in the session, while U.S. gold futures settled 0.8% higher at $1,780.20 per ounce. Crude oil prices held near $67 per barrel on Friday as positive demand outlooks continued to outweigh ongoing global COVID concerns. International benchmark Brent Crude (BNO  ) settled 0.24% lower at $66.70 per barrel, while domestic index West Texas Intermediate (USO  ) declined by 0.52% to $63.13 each.

For the week ahead, traders will look towards corporate quarterly earnings from companies like Netflix (NFLX  ), Intel (INTC  ) and Coca-Cola (KO  ).