The Dow Jones Industrial Average rose 152.53 points, or 0.57%, to 26,958.06, the S&P 500 gained 12.26 points, or 0.41%, to 3,022.55 and the Nasdaq Composite added 57.32 points, or 0.7%, to 8,243.12. The pan-European STOXX 600 index rose 0.16% and MSCI's gauge of stocks across the globe gained 0.27%. For the week, the S&P 500 rose 1.2%, the Dow gained 0.7% and the Nasdaq climbed 1.9%.
NEW YORK: U.S. stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago.
During the session, the benchmark index <.SPX> peaked at 3,027.39, which surpassed its closing record of 3,025.86 on July 26. It ended at 3,022.55, and the S&P 500 total return index <.SPXT> notched an all-time high.
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