Stocks rose on Friday, lifted by strong U.S. economic data, to end a week that saw the broader market reach a record level.
The Dow Jones Industrials leaped 190.6 points to close Friday and the week at 27,930.33.
The S&P 500 strengthened 11.65 points at 3,397.16, yet another all-time record.
The NASDAQ Composite tallied 46.85 points to 11,311.80.
Apple shares rose 4.8% to an all-time high, building on this week's strong gain. Deere climbed 5.3% and Foot Locker shares were up 1.7%, on better-than-expected quarterly results.
Earlier this week, the S&P 500 broke above its late-February high and notched a fresh all-time high. The NASDAQ also hit a record on Thursday. The S&P 500 has gained 0.4% for the week and the NASDAQ is up over 2% in that time.
The lion's share of those gains has been driven by strong gains in Big Tech stocks. Apple is up 7% this week and became the first publicly traded company in the U.S. to reach a market valuation of $2 trillion. Amazon and Alphabet have rallied over 4% this week and Microsoft is up 2.4% in that time.
House Speaker Nancy Pelosi told the media both sides need to reach a deal on a more comprehensive stimulus package as millions struggle with being furloughed and unemployed amid the coronavirus pandemic.
Pelosi's comments come as Democrats and Republicans have been at a stalemate over additional unemployment benefits that expired last month.
Democrats have indicated they want to reinstated the additional assistance at the original $600-per-week rate; Republicans have offered to extend the benefits at a lower rate.
On the economic front, data from IHS Markit showed U.S. manufacturing activity hit its highest level in 19 months in August, while services were at their highest level in 17 months.
Elsewhere, existing home sales for July saw a record month-over-month spike of 24.7%. The average selling price for homes also hit an all-time high, jumping to $304,100.
Prices for the 10-Year Treasury gained ground, lowering yields to 0.63% from Thursday's 0.65%. Treasury prices and yields move in opposite directions.
Oil prices faded 55 cents to $42.27 U.S. a barrel.
Gold prices came off their lows, but still trailed Thursday's close by 80 cents to $1,945.70 U.S. an ounce.