India, Aug. 7 -- After moving to the upside early in the session, stocks remained mostly higher throughout the trading day on Friday. The major averages all ended the day in positive territory, with the S&P 500 reaching a new record closing high.
The tech-heavy Nasdaq led the way higher, jumping 342.26 points or 1.3 percent to 26,690.62. The S&P 500 also climbed 47.68 points or 0.6 percent to 7,757.64, while the narrower Dow rose 151.83 points or 0.3 percent to 54,036.93.
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