The S&P 500 Index ($SPX) (SPY) Friday closed up +1.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. US stock indexes rallied Friday, with the S&P 500 posting a 1-1/2 week high and the Nasdaq 100 posting a 1-week high. Blockbuster earnings results from Alphabet and Microsoft boosted the overall market Friday. Alphabet closed up more than +10% after reporting stronger-than-expected Q1 revenue. Also, Microsoft closed up more than +2% after reporting Q3 revenue above consensus. In addition, chip stocks rallied Friday afte…