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AP National Business

Wall Street closes at new highs after day of choppy trading

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Published 3:12 PM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks are ending higher Friday as Wall Street closed out a milestone-setting week. Health care, communication services and technology companies rose. The three major indexes all set records: The S&P 500 rose 0.2%, while the Dow Jones Industrial Average gained 0.3% and Nasdaq closed 0.3% higher. Apple fell 1.8% and Amazon lost 2.2% after both companies cited continued supply chain difficulties in their latest quarterly reports. The Commerce Department reported that consumer spending grew just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation.

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