Stocks Ended at Records, Powered by Tech
- Friday, January 5, 2018, 16:32
- Stock Market
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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.
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