India, Aug. 8 -- Following the mixed performance seen in the previous session, stocks moved mostly higher over the course of the trading on Friday. With the upward move, the tech-heavy Nasdaq reached a new record closing high.
The major averages all finished the day firmly in positive territory. The Nasdaq jumped 207.32 points or 1.0 percent to 21,450.02, the S&P 500 advanced 49.45 points or 0.8 percent to 6,389.45 and the Dow climbed 206.97 points or 0.5 percent to 44,175.61.
For the week, the Nasdaq spiked by 3.9 percent, the S&P 500 surged by 2.4 percent and the Dow shot up by 1.4 percent.
The strength on Wall Street came as traders shrugged off concerns about the economic impact of President Donald Trump's new tariffs on dozens of U....