The Dow Jones Industrial Average finished up 0.8 percent at a record high 28,005 points, registering its fourth-straight weekly gain.
The top 500 indicator for US stocks market, the S&P 500 rose 0.8 percent at an all-time peak of 3,120. The increase was the index’s six-straight weekly gain.
The Nasdaq index gained 0.7 percent to settle at a new peak of 8,540.82, capping its seven-straight weekly rise.
The stocks market rallied after White House economic advisor Larry Kudlow said on Thursday that the United States talks with China were progressing and negotiators were closing in on a trade agreement.
Earlier this month, the Dow Jones Industrial Average hit a new record of 27,500 points following the October jobs report and the US government’s third-quarter GDP estimate.