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Stocks Shoot for Higher Records

T.BB

Stocks traded higher and made fresh record highs on Friday to end a week that saw solid gains as geopolitical risks abate toward the end of a blockbuster 2019.

The Dow Jones Industrials leaped 84.14 points to open Friday at 28,461.10.

The S&P 500 added 12.15 points to Thursday's all-time high, to 3,217.52. The S&P 500 is up nearly 28% year to date with less than 10 trading days left in 2019. That would be the index's best one-year performance since 2013, when it rallied 29.6%.

The NASDAQ piled 21.56 points onto Thursday's all-time record, at 8,908.

Entering Friday's session, the S&P 500 was up 1.2% for the week and was headed for its fourth consecutive weekly gain. The Dow collected 0.9%, while NASDAQ was up 1.7%, for the week.

In economic news, the U.S. economy grew by 2.1% in the third quarter. Consumer sentiment data for December is slated for release at 10 a.m.

Prices for the 10-Year U.S. Treasury lost ground, raising yields to 1.93% from Thursday's 1.92%. Treasury prices and yields move in opposite directions.

Oil prices slumped 52 to $60.66 U.S. a barrel.

Gold prices dumped $2.10 at $1,482.30 U.S. an ounce.

Stocks Shoot for Higher Records