U.S. stocks continued to increase Friday, with both the S&P 500 and the Nasdaq closing at record highs, as investors digested a batch of released economic reports.
The Dow Jones Industrial Average rose 23.89 points, or 0.11 percent, to 22,405.09. The S&P 500 added 9.30 points, or 0.37 percent, to 2,519.36. The Nasdaq Composite Index increased 42.51 points, or 0.66 percent, to 6,495.96.
U.S. personal income increased 28.6 billion U.S. dollars in August, or 0.2 percent, in line with market estimates, the Commerce Department reported Friday.
In August, U.S. disposable personal income increased 14.9 billion dollars, or 0.1 percent, and personal consumption expenditures (PCE) increased 18.0 billion dollars, or 0.1 percent.
The PCE price index, the Federal Reserve's preferred measure of inflation, increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
The Chicago Business Barometer surged to 65.2 in September, up from 58.9 in August, hitting the highest level in three months, said the ISM-Chicago Business Survey on Friday.
Meanwhile, U.S. consumer sentiment fell to 95.1 in September, down 1.8 percent from the August reading, according to a survey released by the University of Michigan on Friday.
For the week, the blue-chip Dow rose 0.2 percent, and the broader S&P 500 gained 0.7 percent, while the tech-heavy Nasdaq jumped 1.1 percent.
The Dow Jones Industrial Average rose 23.89 points, or 0.11 percent, to 22,405.09. The S&P 500 added 9.30 points, or 0.37 percent, to 2,519.36. The Nasdaq Composite Index increased 42.51 points, or 0.66 percent, to 6,495.96.
U.S. personal income increased 28.6 billion U.S. dollars in August, or 0.2 percent, in line with market estimates, the Commerce Department reported Friday.
In August, U.S. disposable personal income increased 14.9 billion dollars, or 0.1 percent, and personal consumption expenditures (PCE) increased 18.0 billion dollars, or 0.1 percent.
The PCE price index, the Federal Reserve's preferred measure of inflation, increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
The Chicago Business Barometer surged to 65.2 in September, up from 58.9 in August, hitting the highest level in three months, said the ISM-Chicago Business Survey on Friday.
Meanwhile, U.S. consumer sentiment fell to 95.1 in September, down 1.8 percent from the August reading, according to a survey released by the University of Michigan on Friday.
For the week, the blue-chip Dow rose 0.2 percent, and the broader S&P 500 gained 0.7 percent, while the tech-heavy Nasdaq jumped 1.1 percent.
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