Stocks Close at Record Highs

U.S. stocks eked out marginal gains on Friday, ending the third straight week with gains. At close, the Dow Jones Industrial Average added 19.46 points, or 0.11%, to 17,573.93 and gained 1% over the week. The S&P 500 was up 0.71 point, or 0.03%, to 2,031.92 and finished the week up 0.7%. The Nasdaq Composite was down 5.94 points, or 0.13%, to 4,632.53 and finished the week roughly where it started it.

U.S. consumers increased their borrowing in September with gains in credit card debt and auto and student loans. The Federal Reserve says overall borrowing rose $15.9 billion following a $14 billion gain in August and a $22.8 billion July increase. The gains have pushed total consumer debt to a record level of $3.27 trillion.

AT&T (T) said Friday it is buying Mexico wireless provider Iusacell from Grupo Salinas for $2.5 billion including debt. The deal will create a North American network covering 400 million consumers and businesses, the telecom giant said in a statement.

U.K. real-estate company Songbird Estates PLC, which owns 69% of London’s Canary Wharf estate, said Friday it had rejected a bid approach from Qatar Investment Authority and Brookfield Property Partners LP as it “significantly undervalues” the company.