NEW YORK (Reuters) – All three major U.S. stock indexes closed at record highs on Friday after a rocky week in which investors fretted over the Delta coronavirus variant and cheered an economic recovery, while U.S. Treasury yields rose before a Federal Reserve meeting next week.Megacap tech stocks and positive corporate earnings helped drive main U.S. indexes up again. Yields on U.S. Treasuries were also up, as was the dollar, with investors eyeing next week’s Federal Reserve meeting for hints on the U.S. economic recovery from the COVID-19 pandemic and when the central bank will pull back support for the economy. “It’s certainly been a really strong run. For now it looks justified based on the strong earnings results. We got interest rate stability, which was helpful. As the economic recovery continues, as long as people are continuing to get out there despite the Delta variant, we think stocks can go higher,” said Jeff Buchbinder, equity strategist for LPL Financial. “We think the ride will get bumpier in the second half, but we think the bull market continues.” The Dow Jones Industrial Average rose 238.2 points, or 0.68%, to close the week at 35,061.55, while the S&P 500 gained 44.31 points, or 1.01%, to 4,411.79. The Nasdaq Composite added 152.39 points, or 1.04%, to close at 14,836.99. The yield on 10-year Treasury notes hovered around 1.3%, or almost 17 basis points higher than a five-month low set on Tuesday, but was still at the low end of a recent range. The benchmark note traded up 2.1 basis points to 1.288% after briefly rising above 1.3%. Investors have been assuming “things will improve, travel will increase,” said Steve Massocca, managing director at Wedbush Securities. “There are concerns about the Delta variant.” Massocca added, “If that thesis is thrown into jeopardy, it put a hitch in the ‘giddy up’ in the market.” Some parts of the United States are implementing mask mandates again due to new COVID-19 cases, while others have not, leading to confusion. Nick Note: this fuck fest will soon come to a bitter end. A couple of things…. the FED has gone stark raving mad. They have created massive inflationary bubbles in the stock market, treasury market and the biggest fuck up of them all they have sparked off massive consumer inflation. Their will be hell to pay as the sacrificial lamb will be Powell. Remember the job market is not coming back and that is Job One at the FED. And they have really fucked up on JOB TWO price stability. Now if that is not enough to bring Joy to your urge to short this insanity we have the THEIR BACK. As you view the world with resources that are not controlled by big media you discover that our vaccines are useless. Every week new data brings down the effectiveness or our vaccines. Now down to 30%. CDC regards a vaccine below 50% as useless. That aside the world is seeing massive increase in infections, hospitalizations and death. Slowly with the masses kicking and screaming the lock downs are coming back……