Stocks Ended Higher, S&P 500 and Nasdaq Posted Record Highs

U.S. stocks ended higher on Friday, with the S&P 500 and Nasdaq closing at record highs, amid a stronger-than-expected reading of U.S. first-quarter gross domestic product. The Dow Jones Industrial Average rose 81.25 points, or 0.31%, to 26,543.33. The S&P 500 added 13.71 points, or 0.47%, to 2,939.88. The Nasdaq Composite advanced 27.72 points, or 0.34%, to 8,146.40. For the week, the Dow was down less than 0.1%, the S&P 500 was up 1.2% and the Nasdaq Composite was up 1.9%.

Oil futures dropped by nearly 3% on Friday as traders weighed uncertainty tied to President Donald Trump’s plea to OPEC to lower prices. West Texas Intermediate crude for June delivery fell $1.91, or 2.9%, to settle at $63.30 a barrel and fell 1.2% for the week. June Brent crude fell $2.20, or about 3%, at $72.15 a barrel and edged up by 0.3% for the week.

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