U.S. stocks on Friday booked healthy gains for the day and the week, with with the U.S.'s main benchmarks marking a record close, following a week that was marked by an improving outlook for the domestic economy and optimism pegged to progress toward a preliminary trade pact between China an the U.S.
The Dow Jones Industrial Average rose 77 points, or 0.3%, to 28,454, the S&P 500 index advanced 0.5% to finish at 3,221, while the Nasdaq Composite Index finished with a gain of 0.4% to 8,924. All three closed the session at all-time highs. The session also marked the eighth straight gain for the Nasdaq and its seventh straight record, marking its longest period of all-time closing highs since the seven record days ending Feb. 15, 2017, according to Dow Jones Market Data.
For the week, the Dow closed up 1.1%, the S&P 500 finished 1.7% higher and the Nasdaq ended the stretch with a 2.2% gain. In economic data, the Commerce Department's third estimate of third-quarter GDP, published Friday, left growth unchanged 2.1%, with strong consumer spending offset by weaker business investment in inventories.
Source : Marketwatch