Stocks are closing higher Friday after a late surge by technology stocks led the S&P 500 to a new high. The wobbly week of trading ended with the Dow Jones Industrial Average and Nasdaq at record highs also. Investors focused on trillions of dollars of potential government aid that could be coming for the economy, as Democrats advance their stimulus package. Companies reported solid earnings, including manufacturer Mohawk Industries and genetic testing company Illumina. Bond yields rose, giving banks a boost.
The S&P 500 rose 18.45 points, or 0.5%, to 3,934.83.
The Dow Jones Industrial Average rose 27.70 points, or 0.1%, to 31,458.40.
The Nasdaq rose 69.70 points, or 0.5%, to 14,095.47.
The Russell 2000 index of smaller companies rose 4.04 points, or 0.2%, to 2,289.36.
For the week:
The S&P 500 is up 48 points, or 1.2%.
The Dow is up 310.16 points, or 1%.
The Nasdaq is up 239.18 points, or 1.7%.
The Russell 2000 is up 56.03 points, or 2.5%.
For the year:
The S&P 500 is up 178.76 points, or 4.8%.
The Dow is up 851.92 points, or 2.8%.
The Nasdaq is up 1,207.19 points, or 9.4%.
The Russell 2000 is up 314.50 points, or 15.9%.