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% and finished above its previous record set in February. The Nasdaq composite gained 0.5% and set its own all-time high. The Dow Jones Industrial Average rose 1%.
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%.
On Friday:
The S&P 500 rose 32.05 points, or 0.5%, to 6,173.07.
The Dow Jones Industrial Average rose 432.43 points, or 1%, to 43,819.27.
The Nasdaq composite rose 105.55 points, or 0.5%, to 20,273.46.
The Russell 2000 index of smaller companies rose 0.42 points, or less than 0.1%, to 2,172.53.
For the week:
The S&P 500 is up 205.23 points, or 3.4%.
The Dow is up 1,612.45 points, or 3.8%.
The Nasdaq is up 826.05 points, or 4.2%.
The Russell 2000 is up 63.26 points, or 3%.
For the year:
The S&P 500 is up 291.44 points, or 5%.
The Dow is up 1,275.05 points, or 3%.
The Nasdaq is up 962.67 points, or 5%.
The Russell 2000 is down 57.63 points, or 2.6%.
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