By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
U.S. stocks closed higher Friday, capping a choppy week of trading with the market’s third winning week in the last four and another milestone.
The S&P 500 rose 0.8%, finishing just shy of the record it set last week. The benchmark index also wiped out its losses from a slide last week.
The Dow Jones Industrial Average climbed 0.5%, and the Nasdaq composite added 1% to the all-time high it set a day earlier.
Technology companies, with their hefty stock values, did much of the heavy lifting for the market. Nvidia rose 1.1% and Apple gained 4.2%.
Gilead Sciences jumped 8.3% for one of the market’s biggest gains. It reported financial results that easily beat analysts’ forecasts, while also raising its earnings forecast for the year