Dow, S&P 500 Rise to New Records

Takeover activity and GE's profits helped fuel more buying after Thursday's jump, as investors gear up for lots of earnings and inflation news next week

Bulls stayed in charge on Friday, pushing the Dow Jones industrial average above 13,900 and S&P 500 index to new records after Thursday's big gains. The Nasdaq overcame earlier losses and finished higher too. Investors focused on takeover speculation surrounding Alcoa (AA) and other companies, and earnings news from General Electric (GE). A drop in retail sales and higher import and export prices was brushed aside, while consumer sentiment rose.

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