Stocks closed higher for a fourth straight week. Indexes are at record levels after surging this year on optimism about the economy and record earnings. The market is also being supported by ongoing stimulus from the Fed, which is keeping long-term borrowing costs at historically low levels. The Dow is up 17.2 percent for the year; the S&P 500 has gained 16.8 percent this year. After some lackluster reports on the economy Thursday, including an increase in applications for jobless benefits, Friday’s reports were a tonic for investors. The Conference Board said its index of leading economic indicators rose 0.6 percent last month.
Snapshot: Hopeful economic signs lift US stocks
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week