Stocks finished higher Friday. The Dow added 181 points to 26,031 while the S&P 500 gained 17 points to 2,792. The Nasdaq Composite added 67 points to 7,527.
Trade optimism pushed the Dow to a ninth-consecutive weekly increase, its longest winning streak since 1995. The advance marked the fourth-straight weekly climb for the S&P 500. The major averages extended their rallies as the meeting between President Trump and Chinese Vice Premier Liu He concluded with plans for negotiations to extend over the weekend ahead of the March 1st tariff deadline. For the week, the Dow and S&P 500 both gained 0.6% while the Nasdaq climbed 0.7%.
Nine of 11 S&P 500 sectors finished in positive territory with Technology shares pacing the gains. Chipmakers rallied with Intel adding 2.1% to $52.49. Consumer Staples lagged with Kraft-Heinz tumbling 27.5% to $34.95 after the food maker cut its quarterly dividend and announced a $15.4 billion write-down related to its Oscar-Meyer and Kraft brands. In other earnings news, Zillow Group jumped 24.7% to $43.71 while Roku advanced 25.2% to $64.47 after both companies offered optimistic forward guidance. Shares of Stamps.com plunged 56% to $86.98 after the company announced it will exit its exclusive partnership with the US Postal Service.
Breadth was positive on issues by 3:1 on the NYSE and by 2:1 on the Nasdaq. NYSE Composite volume was more than 3.4 billion shares.
Treasuries strengthened with the yield on the benchmark 10-year note down three basis points to 2.65%. In commodities, WTI crude added 0.4% to $57.17/barrel. COMEX gold climbed 0.4% to $1329.20/ounce.