Dow Ends Day Up 165

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Oct 20, 2017 3:11 PM CDT
Traders George Ettinger, left and Fred DeMarco work on the floor of the New York Stock Exchange, Thursday, Oct. 19, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing higher on Wall Street, continuing a record-setting drive for major indexes, the AP reports. Banks and technology companies posted some of the biggest gains Friday. Synchrony Financial jumped 4.2% Friday and Citizens Financial rose 2.4%. Both reported higher earnings than analysts had been expecting. PayPal rose 5.5% after reporting a strong quarter. The Standard & Poor's 500 index rose 13 points, or 0.5%, to 2,575. The Dow Jones industrial average gained 165 points, or 0.7%, to 23,328. The Nasdaq composite climbed 24 points, or 0.4%, to 6,629. The S&P 500 and the Dow closed out their sixth straight week of gains. (Read more stock market stories.)

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