Wall Street hits new records as tech stocks climb


US stocks closed higher on Friday, with technology, financials, and telecommunication shares leading the way higher.

Railroad and trucking stocks also moved notably higher over the course of the session, while some weakness was visible among software stocks.

The S&P 500 index rose 4 points, or 0.2 percent, to 2,500. The Nasdaq composite slumped 0.5 percent to 6,429.08.

The pan-European FTSEurofirst 300 index of leading regional shares lost 0.41 percent to close at 1,495.38.

USA gold futures fell 0.16 percent to $1,327.20 an ounce.

Advancing issues outnumbered declining ones on the NYSE by a 1.76-to-1 ratio; on Nasdaq, a 1.47-to-1 ratio favored advancers. Chipmaker Broadcom lost $1.71 to $244.53.

The U.S. Treasury will sell $42 billion of three-month bills and $36 billion of six-month bills Monday. Lattice accepted the $1.02 billion offer from Canyon Bridge Partners in November, but investors have always been skeptical the deal would be completed.

Most of the major sectors showed only modest moves on the day, although significant strength emerged among semiconductor stocks. Canyon Bridge agreed to pay $8.30 a share.

Wall Street largely shrugged off reports showing an unexpected drop in US retail sales last month and the first drop in industrial output since January, both in part due to the impact of Hurricane Harvey. The increase in August came because gas and housing costs rose. The Federal Reserve said the decline was mostly due to the recent impact of Hurricane Harvey. Interest rates also rose, which helped banks, as they stand to make more money from lending.

Equifax fell $3.68, or 3.8 percent, to a two-year low of $92.98.

TAKEOFF: Boeing rose another $2.25 to $244.18. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Many companies on the British FTSE 100 are multinationals whose overseas earnings are diminished in value when the pound appreciates against other currencies. Prices rose nearly 5 percent in the week, buoyed by higher demand forecasts.

Investors in Asia were disappointed after China's National Bureau of Statistics said the world's second-largest economy grew at a slower pace in August.

The Standard & Poor's 500 index was up 2 points, or 0.1 percent, to 2,498.

In commodities trading, crude oil futures are inching up $0.11 to $50 a barrel after climbing $0.59 to $49.89 a barrel on Thursday.

Worldwide benchmark Brent crude climbed 0.2% to $55.60 a barrel.

BONDS: Bond prices declined. The benchmark 10-year yield started the week near 2.09%; it traded around 2.19% Friday.

The dollar advanced to 110.88 yen from 110.54 yen.