U.S. stocks rose again on Friday as the market’s rally to records carried on amid strong earnings from blue-chip companies as well as solid data signaling a snapback in the economy.
The Dow Jones Industrials jumped 164.68 points to close Friday at 34,200.67,
The S&P 500 added 15.05 points to 4,177.52, to hit another fresh high.
S&P 500’s strong performance in recent weeks has pushed its year-to-date gains to more than 11%. Cyclical sectors have been the biggest
winners this year with energy and financials leading the rally.
The NASDAQ Composite restored 13.58 points, to 14,052.34.
Wall Street wrapped up another winning week with the three major benchmarks all gaining more than 1%. The S&P 500 and the Dow posted their fourth straight positive week, while the tech-heavy NASDAQ has registered gains for three weeks in a row.
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