US stocks inch to record highs as reports show improving economy

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>US stock indexes have inched to record highs after a late-afternoon push erased losses from earlier in the day&period;<&sol;p>&NewLine;<p>It caps the fourth straight week of gains for the Standard &&num;038&semi; Poor&&num;8217&semi;s 500 index&comma; its longest such streak since July&period;<&sol;p>&NewLine;<p>Reports through the week showed that the economy is improving and corporate profits are growing more quickly than analysts expected&period;<&sol;p>&NewLine;<p>The encouraging data&comma; along with hopes for lower taxes and other business-friendly policies from Washington&comma; pushed the S&&num;038&semi;P 500 to a 1&period;5&percnt; rise last week&comma; its best weekly performance since the first week of January&period;<&sol;p>&NewLine;<p>The S&&num;038&semi;P 500 rose 3&period;94 points on Friday&comma; or 0&period;2&percnt;&comma; to 2&comma;351&period;16&period;<&sol;p>&NewLine;<p>The Dow Jones industrial average edged up by 4&period;28 points&comma; less than 0&period;1&percnt;&comma; to 20&comma;624&period;05 and also set a record&period; The Nasdaq rose 23&period;68&comma; or 0&period;4&percnt;&comma; to 5&comma;838&period;58&comma; its own all-time high&period;<&sol;p>&NewLine;<p>Slightly more stocks fell than rose on the New York Stock Exchange&period;<&sol;p>&NewLine;<p>The last two days have been lacklustre for stocks&comma; with the S&&num;038&semi;P 500 dipping on Thursday&comma; in comparison to the strong run they had been on&period;<&sol;p>&NewLine;<p>That slowdown was more a result of investors looking to cash in some profits than on any fear or need to get out of the market&comma; said JJ Kinahan&comma; chief market strategist at TD Ameritrade&period;<&sol;p>&NewLine;<p><i>&&num;8220&semi;People don&&num;8217&semi;t want unnecessary risk heading into a three-day weekend&comma;&&num;8221&semi;<&sol;i> he said&period; <i>&&num;8220&semi;This is more about taking off risk than about aggressive selling&period;&&num;8221&semi;<i><&sol;p>&NewLine;<p>US markets will be closed on Monday for Presidents Day&period;<&sol;p>&NewLine;<p>Mr Kinahan pointed to relative calmness in the markets for the VIX index&comma; which measures expectations for upcoming volatility in the S&&num;038&semi;P 500&comma; and for gold&comma; a traditional landing spot when investors are nervous&period;<&sol;p>&NewLine;<p>Kraft Heinz surged to the biggest gain in the S&&num;038&semi;P 500 after it made an offer to buy European consumer goods giant Unilever&period;mUnilever rejected the bid&comma; which offered 18&percnt; more than where Unilever&&num;8217&semi;s shares closed on Thursday&comma; and called it too low&period;<&sol;p>&NewLine;<p>Kraft Heinz&comma; which is behind the Lunchables and Oscar Mayer brands&comma; jumped 9&period;37 dollars&comma; or 10&period;7&percnt;&comma; to 96&period;65&period;<&sol;p>&NewLine;<p>US-listed shares of Unilever&comma; which sells Breyers ice cream and Dove soap&comma; surged 5&period;96 dollars&comma; or 14&percnt;&comma; to 48&period;53&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e4a5e65a1f2">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68e4a5e65a1f2'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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