U.S. stocks jumped on Friday, with major indexes adding to their recent string of records as optimism continued to grow over the economy and the state of American corporations as the fourth-quarter earnings season began.
The Dow Jones Industrial Average rose about 200 points, or 0.8%, to 25,772. The S&P 500 added 14 points to 2,781, a gain of 0.5%. The Nasdaq Composite Index rose 37 points to 7,249, a gain of 0.5%. All three closed at records on Thursday, and hit intraday records in early trading.
So far this week, the Dow is up 1.9% while the S&P is up 1.4% and the Nasdaq is up 1.5%. This is poised to be the second straight weekly gain for both the Dow and the S&P, as well as their seventh positive week of the past eight.
The Russell 2000 gained 0.7% to 1,597. The index of small-capitalization stocks hit an intraday record, and is up 1.9% on the week, which is set to be its biggest weekly gain since September.
The U.S. stock market will be closed on Monday for Martin Luther King Jr. Day.