The Standard & Poor's 500 index gained 4.61 points, or 0.2 percent, to a record 2,500.23. US retail sales unexpectedly fell in August (http://www.marketwatch.com/story/us-retail-sales-slump-near-end-of-summer-2017-09-15), dropping 0.2% in their second decline of the past three months.
The consumer price index's (CPI) 0.4-percent gain last month was its biggest in seven months and is the last major economic data to be released ahead of the Federal Reserve's September 19-20 policy meeting.
Graphics chipmaker Nvidia (NVDA) posted a standout gain after Evercore ISI raised its price target on the company's stock to USD250 from USD180. The iShares PHLX Semiconductor ETF (SOXX) rose 1.8% in its fifth straight daily advance, marking its biggest weekly gain since July. SPDR Dow Jones Industrial Average ETF accounts for about 8.4% of GenWealth Group Inc.'s holdings, making the stock its 3rd biggest position. Additionally, North Korea threatened to reduce the U.S.to "ashes and darkness" and sink Japan, leaving the Nikkei in the red.
Helped by strong corporate earnings reports and optimism that President Donald Trump will cut business taxes, the Dow has gained 12 percent this year. The Nasdaq Composite closed at 6,448.47 for a gain of 19.38 points or 0.30%. The Russell 2000 index of smaller-company stocks picked up 6.69 points, or 0.5 percent, to 1,431.71. The precious metal, which had climbed to around $1,338 an ounce following North Korea's latest move, finished at a September low, down 2% on the week as reaction to perceived risks subsided.
Economic data was nearly uniformly weak on Friday, mainly as a result of hurricane Harvey's impact, save for the so-called Empire State manufacturing index for September which slipped by just 0.8 points to 24.4, denoting confidence in the sector's outlook, according to analysts. Health care stocks were higher, while technology companies fell.
US crude settled unchanged at $49.89 per barrel and Brent rose 15 cents to settle at $55.51 a barrel. The benchmark 10-year yield started the week near 2.09%; it traded around 2.19% Friday. The pound jumped to $1.3354 from $1.3197.
The US$226mln-valued company'sstock rose 3.5% on the news.
CURRENCIES: The dollar dipped to 110.61 yen from 110.66 yen. The S&P 500, the benchmark for many index funds, had it best week since the first week of the year. The euro weakened to $1.1906 from $1.1919.
Britain's FTSE 100 fell 0.9 percent while the French CAC 40 rose 0.1 percent and Germany's DAX fell 0.2 percent.
Apple iPhone 8 and the truth behind their prices
Interestingly, however, last year's iPhone 7 and iPhone 7 Plus pack a 1960mAh battery and a 2900mAh battery respectively. The technology might not be the problem though, and there have been multiple theories on what really happened.
Newcastle beat Stoke City for third straight league win
Newcastle made it three wins on the bounce in the English Premier League as they saw off Stoke City 2-1 on match day five. Newcastle United welcome Stoke City to St James' Park on Saturday for their 15:00 GMT Premier League clash.
Deaths at Florida Nursing Home Under Investigation
State investigators from the Florida Office of Attorney General were also at the scene, city officials said in a statement . New drone video out of Florida captured an aerial view of the devastation wrought by Hurricane Irma in the Sunshine State.
Mental disorders, poor diets making us sick
Major depression ranked among the top ten causes of ill health in all but four of the 195 countries and territories covered. Christopher Murray, the head of the Institute of Health Metrics and Evaluation at the University of Washington.
England vs West Indies
The Trinidadian, however, was out soon afterwards when he drove Plunkett straight to England Test skipper Root at mid-off. However, Alex Hales (43) smashed eight fours and a six and took England to 64-1 inside the first batting powerplay.
A Quarter Of Floridians Still Don't Have Power After Irma
She said that despite support from the United Way and Monroe County, those funds, post hurricane, will soon be running out. This deployment will be different, as much of the restoration effort will require total rebuilding of power grid systems.
Narcos location scout found dead in Mexico
It's now unclear if Portal's death will affect production or whether the murder will move production back to Columbia. That works out to a ratio of 12.2 for every 100,000 inhabitants.