Wall St scales record highs on earnings optimism, robust data


Wall Street's main indexes surged on Friday as strong results for JPMorgan lifted financial stocks and robust retail sales data drove gains in consumer stocks. The S&P 500 gained 0.5 percent and reached an all-time high, with energy and industrials as the best-performing sectors.

All three benchmarks finished at all time highs on Friday, along with the Dow Jones Transportation Average and the small-cap focused Russell 2000 index. The Dow Jones Industrial Average rose by 29 percent last year and the broader S&P 500 rose 22 percent, rare and breath-taking gains that simply can not be repeated every year.

Most large technology shares also rose, with Apple, Amazon, Google-parent Alphabet and Microsoft all winning one percent or more.

The Nasdaq composite rose 49.28, or 0.7 percent, to 7,261.06.

The Nasdaq is up 124.50 points, or 1.7 percent.

United States says oil output to beat Saudi Arabia, Russia in 2019
With the climb in crude, there are growing signs that Opec could be falling into a trap it had sought to avoid. Though production hasn't been impacted, the protests are widely viewed as reason enough for U.S.

The S&P 500 is up 112.63 points, or 4.2 percent.

Wall Street stocks surged to another round of records Friday as earnings season kicked off amid optimism ignited by the U.S. tax reform.

The Dow is up 507.32 points, or 2 percent.

Sales at online retailers soared 1.2 percent in December. On the Nasdaq, 1,808 issues rose and 1,069 fell.