Stock market clinches trifecta of record closing highs ahead of Presidents Day holiday


Major U.S. stock indexes on Friday finished on a higher note, notching a series of record highs on the back of optimism about a fresh round of COVID spending, strong corporate earnings and progress in rollowuts of vaccines to combat the viral pandemic. The Dow Jones Industrial Average
closed up less than 0.1% to end at around 31,458, enough for a record peak for the blue-chip index, aided by gains in Goldman Sachs Group Inc.
and Amgen Inc.
The S&P 500 index
closed up 0.5% to reach about 3,935, while the Nasdaq Composite Index
ended the day up 0.5% at an all-time closing high at roughly 14,095. For the week, the Dow finished up 1%, the S&P 500 closed with a 1.2% gain, while the Nasdaq Composite booked a 1.7% weekly advance. U.S. markets will be closed on Monday in observance of Presidents Day.


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