The Dow Jones Industrial Average rose again on Friday, extending its record-setting pace to four days, with defense contractors and technology firms leading the rally.
The blue-chip index 64.86 points, or 0.3%, to close at 22,268.34. That was the index’s sixth consecutive advance.
Nineteen of 30 index members contributed to the rally. Boeing Co (BA) rose 1.5%. Tech giants Apple Inc. (AAPL) and Intel Corp (INTC) rose 1% and 1.4%, respectively.
Shares of Verizon Communications Inc. (VZ) rose 1.4%, while 3M Co (MMM) added 0.9%.
On the opposite side of the ledger, drugmaker Pfizer Inc. (PFE) fell 1%. Credit card Visa Inc. (V) fell 0.7%. Goldman Sachs Group Inc. (GS), a New York-based investment bank, also fell 0.7% per share.
The broader S&P 500 Index also set new highs on Friday, with most sectors recording gains. The index settled up 0.2% at 2,500.23.
Meanwhile, the technology-heavy Nasdaq Composite Index rose 0.3% to finish at 6,448.47.
Wall Street appears to be digesting its gains in a consolidation phase after a rocky start to the month. Equities remain in a firm uptrend, despite growing concerns that the market is overvalued.
Across the Atlantic, European stocks finished sharply lower on Friday as investors assessed the latest provocation from North Korea. The Communist state lobbed a missile over Japan Friday morning in what local authorities confirmed was the second such provocation in as many months.
The pan-European Stoxx 600 Index closed down 0.3%. All of Europe’s major bourses finished lower, with the U.K.’s FTSE 100 Index falling 1.1%.
Dow Jones Industrial Average