Stocks Ended at Records, Powered by Tech

U.S. stocks ended at record highs on Friday, as tech stocks powered the markets to fourth straight daily gain. The Dow Jones Industrial Average rose 220.74 points, or 0.88%, to 25,295.87. The S&P 500 gained 1916 points, or 0.70%, to 2,743.15. The Nasdaq Composite added 58.64 points, or 0.83%, to 7,136.56. For the week, the Dow gained 2.3%, the S&P was up 2.6%, and the Nasdaq was up 3.4%.

Oil futures settled lower on Friday, losing a grip on the highest levels in three years, but prices still scored a third weekly gain a row on the back of a seventh-straight drop in U.S. crude supplies and ongoing concerns over unrest in Iran. February West Texas Intermediate crude fell 57 cents, or 0.9%, to settle at $61.41 a barrel. March Brent crude settled down 45 cents, or 0.7%, at $67.62 a barrel.