Trade deal hopes, surging health stocks power Wall Street to highs

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Trade deal hopes, surging health stocks power Wall Street to highs
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Wall Street's main stock indexes closed at record levels on Friday, fueled ...

- Wall Street’s main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies.

The benchmark S&P 500 tallied its sixth straight week of gains, its longest such weekly streak in about two years, while the Dow breached 28,000 for the first time. “Today is definitely about optimism surrounding the trade tensions,” said Jason Pride, chief investment officer of private wealth at Glenmede in Philadelphia.

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