It wasn't pretty, but the Dow Jones industrial average did it again Friday, hitting a new high.
The S&P 500 and Nasdaq hit new highs as well.
Investors appeared ready for a pause in the market rally that pushed major indexes to new record highs this week, with stocks opening lower.
The Dow Jones industrial average lingered in negative territory nearly the entire day — except for the final moments of trading, when a steady afternoon climb sent it just over even-Steven, for a tiny gain of 4 points. But the 0.02% climb was good enough to put the blue chips at an all-time closing high of 20,624.05.
Meanwhile, the Nasdaq composite charted a less-dramatic trajectory, turning positive in early trading and staying there, ending up 0.4% to its new all-time closing high of 5838.58.
The S&P 500 rose 0.2%, up 4 points to its closing high of 2351.16.
All three major indexes notched weekly gains of more than 1%, according to CNBC.
Oil prices gained as benchmark U.S. crude climbed 4 cents to $53.40 a barrel in New York.
Global stocks were mostly lower as the stronger dollar sent Japanese issues lower and the arrest of an executive at Samsung weighed on Korean stocks.
Japan’s benchmark Nikkei 225 lost 0.6% to finish at 19,234.62. South Korea’s Kospi edged down nearly 0.1% to 2,080.58. Hong Kong’s Hang Seng shed 0.4%, while the Shanghai Composite was also down 0.9% at 3,202.08.
“The future outlook is clouded by rising political uncertainties and waves of anti-globalization sentiments from the U.S. and Europe. As U.S. reaches full employment and approaches closer to the Fed’s inflation target, a tighter Federal monetary policy is expected to lead to a stronger US dollar in the months ahead. This might worry investors,” says Margaret Yang Yan, market analyst at CMC Markets in Singapore.
A South Korean court approved the arrest of a billionaire heir to Samsung accused of bribery and other related crimes, a stunning development for the nation’s richest family. The news of the arrest of Lee Jae-yong, vice chairman at Samsung Electronics and son of Samsung chair Lee Kun-hee, sent Samsung Electronics stock down by more than 1 percent, although it recovered about half of that drop later in the day.'
The dollar fell slightly to 113.40 yen from 113.61 yen late Thursday. The euro rose to $1.0657 from $1.0635.
Stocks were mixed in Europe. France’s CAC 40 fell 0.7% and Germany’s DAX was down fractionally. Britain’s FTSE gained 0.3%.