US Markets

S&P 500 hits record high on trade hopes

Credit: REUTERS/BRENDAN MCDERMID

The S&P 500 hit a record closing high on Friday as investors brushed aside doubts about the progress of trade talks between the United States and China, while the index registered a fifth straight week of gains.

By Caroline Valetkevitch

NEW YORK, Nov 8 (Reuters) - The S&P 500 hit a record closing high on Friday as investors brushed aside doubts about the progress of trade talks between the United States and China, while the index registered a fifth straight week of gains.

The Dow Jones Industrial Average .DJI rose 5.9 points, or 0.02%, to 27,680.7, the S&P 500 .SPX gained 7.84 points, or 0.25%, to 3,093.02 and the Nasdaq Composite .IXIC added 40.80 points, or 0.48%, to 8,475.31.

(Reporting by Caroline Valetkevitch; Editing by Sandra Maler)

((stephen.culp@thomsonreuters.com; 646-223-6076;))

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