U.S. stocks closed at record highs on Friday as Republicans prepared to outline their final version of the tax bill. The Dow Jones Industrial Average rose 143.08 points, or 0.58%, to 24,651.74. The S&P 500 gained 23.80 points, or 0.90%, to 2,675.81. The Nasdaq Composite added 80.06 points, or 1.17%, to 6,936.58.
Oil prices settled on a mixed note Friday, notching a third-consecutive weekly loss on nagging concerns over rising U.S. crude production. January West Texas Intermediate crude added 26 cents, or 0.5%, to settle at $57.30 a barrel. It lost 0.1% for the week. February Brent shed 8 cents, or 0.1%, to finish at $63.23, suffering a weekly decline of roughly 0.3%.
Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul on Friday and picked up support from two more wavering senators as they raced toward votes on final approval next week.
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