S&P 500 and Nasdaq hit record closing highs


The Dow rose 432.43 points, or 1.00%, to 43,819.27, the S&P 500 gained 32.05 points, or 0.52%, to 6,173.07 and the Nasdaq gained 105.55 points, or 0.52%, to 20,273.46.

NEW YORK: Wall Street extended its rally on Friday, sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the US Federal Reserve.

Stocks pared gains after US President Donald Trump terminated trade negotiations with Canada in response to its digital tax on technology companies.

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