EDITOR'S NOTE
Wall Street strategists and investors had pegged this week — chock-full of earnings, a Fed decision and economic data — as a potential game changer for the markets, but with just one day left, stocks appear to be chugging along on their same path.
Earnings reports have been strong, but the individual reactions have been choppy, including a slide for Facebook on Thursday.
The S&P 500 and Dow Jones Industrial Average hit record intraday highs on Thursday. The Big Tech-reliant Invesco QQQ Trust gained as well, but it's still recovering from a decline on Tuesday and is down nearly 0.5% for the week.
"The market response has been good, but maybe disappointing to some, and I think that's just a testament to levels of valuation," said Leo Grohowski, chief investment officer of BNY Mellon Wealth Management. 
Meanwhile, the Federal Reserve meeting yielded no major surprises, and Robinhood's soft initial public offering showed no signs of an over-exuberant retail investor base. The trading app closed down nearly 8.4%.
With the bulk of the earnings season in the rear-view mirror, investors will likely be eyeing the central bank's August meeting in Jackson Hole, Wyo., as the next potential shock.
The S&P 500 closed on Thursday up 0.4% at 4,419.15. The Dow rose 153.60 points to close at 35,084.53, while the Nasdaq added 0.1% to finish at 14,778.26.
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