U.S. stocks closed at an all-time high, another milestone in a remarkable recovery from a springtime plunge caused by fears that the Trump administration’s trade policies could harm the economy.
The S&P 500 rose 0.5 percent and finished above its previous record set in February. The Nasdaq composite gained 0.5 percent and set its own all-time high. The Dow Jones Industrial Average rose 1 percent.
President Donald Trump’s decision Friday to halt trade talks with Canada threatened to derail Wall Street’s run to a record, but the market steadied. Nike was the biggest gainer in the S&P 500 with a gain of more than 15 percent.
On Friday:
The S&P 500 rose 32.05 points, or 0.5 percent, to 6,173.07.
The Dow Jones Industrial Average rose 432.43 points, or 1 percent, to 43,819.27.
The Nasdaq composite rose 105.55 points, or 0.5 percent, to 20,273.46.
The Russell 2000 index of smaller companies rose 0.42 points, or less than 0.1 percent, to 2,172.53.
For the week:
The S&P 500 is up 205.23 points, or 3.4 percent.
The Dow is up 1,612.45 points, or 3.8 percent.
The Nasdaq is up 826.05 points, or 4.2 percent.
The Russell 2000 is up 63.26 points, or 3 percent.
For the year:
The S&P 500 is up 291.44 points, or 5 percent.
The Dow is up 1,275.05 points, or 3 percent.
The Nasdaq is up 962.67 points, or 5 percent.
The Russell 2000 is down 57.63 points, or 2.6 percent.
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