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U.S. stocks reach new record highs

AFP-JIJI

U.S. stocks closed out another week of new record highs Friday. Optimistic reports on consumer confidence and the economic outlook drove a rally that pushed the Dow and S&P 500 to end-of-the-week records highs for the third straight week.

Over the week, the Dow Jones industrial average gained 235.91 points, or 1.56 percent, to finish at 15,354.40. The tech-rich Nasdaq Composite Index increased 62.39, or 1.82 percent, to 3,498.97. The broad-based S&P 500 jumped 32.42, or 1.98 percent, to 1,666.12.