Stocks climbed to new highs as renewed enthusiasm around artificial intelligence, resilient retail sales, and strong corporate earnings momentum outweighed concerns about elevated energy prices.
Baby steps The major U.S. stock indexes alternated between small daily gains and losses before mounting a modest rally on Friday to end with fractional gains for the week overall. It was enough to push the S&P 500 and the Dow just above the record highs they set the previous week; the NASDAQ ended up 2.7% below the record high that it set three months ago.
Authored by Gary W. Lendermon
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