Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week.

By Abigail Summerville and Johann M Cherian (Reuters) -All three stock indexes gained on Friday, headed for weekly gains as investors took comfort from data pointing to robust economic activity in the world's biggest economy.