Friday's trading session saw another robust rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average both reaching new record highs, fueled by better-than-expected third-quarter earnings from major U.S. banks.

The S&P 500 surged past 5,800 points, while the Dow Jones Industrial Average climbed above 42,800.

Leading the charge were top U.S. financial institutions, which kicked off the earnings season with strong results.JPMorgan Chase & Co.(NYSE:JPM),Wells Fargo & Co.(NYSE:WFC),Bank of New York Mellon Corp. (NYSE:BK), andBlackRock Inc. (NYSE:BLK) all beat analysts' earnings expectations. The upbeat...