Dow Closes At 11th Straight Record As Stocks Finish Week Higher

By Wallace Witkowski Markets MarketWatch Pulse

The Dow industrials and S&P 500 finished at records Friday as the Dow continued its streak of closing highs and daily gains despite a selloff of financial and energy shares. The Dow Jones Industrial Average rose 11.44 points, or less than 0.1%, to finish at 20,821.76, its eleventh straight session of record closes, led higher by shares of Wal-Mart Stores Inc. and Johnson & Johnson Inc. and hampered by shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. . For the week, the Dow closed up 1% for its third week of gains. The S&P 500 index closed up 3.53 points, or 0.2%, at a record 2,367.34, with utilities and telecom stocks leading gains and energy and financial stocks weighing on the index. For the week, the S&P 500 closed up 0.7% for its fifth straight week of gains. The Nasdaq Composite index finished up 9.80 points, or 0.2%, at 5,845.31, just shy of a record, for a 0.1% gain on the week and its fifth straight week of gains.

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