Free Intraday Tips | Wall Street hits Records Again

Wall Street's main stock indexes rose to fresh all-time closing highs on Friday as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump's economic agenda. 

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The S&P 500 tallied its fourth straight session of gains, a day after Trump vowed a major tax announcement in the next few weeks. 

"Tax cuts have gotten put back on the front burner," Forrest said, adding, "We are looking for gains in the economy at large from this, not just (earnings per share) gains in stocks." 

The Dow Jones Industrial Average rose 96.97 points, or 0.48 percent, to end at 20,269.37, the S&P 500 gained 8.23 points, or 0.36 percent, to 2,316.10 and the Nasdaq Composite added 18.95 points, or 0.33 percent, to 5,734.13. 

The S&P and Dow closed at a record high for a second straight session, while the Nasdaq extended its streak of record closes to a fourth day.