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S&P 500 hits record high on trade hopes

NEW YORK (Reuters) – The S&P 500 hit a record closing high on Friday as investors brushed aside doubts about the progress of trade talks between the United States and China, while the index registered a fifth straight week of gains. The Dow Jones Industrial Average .DJI rose 5.9 points, or 0.02%, to 27,680.7, the S&P 500 .SPX gained 7.84 points, or 0.25%, to 3,093.02 and the Nasdaq Composite .IXIC added 40.80 points, or 0.48%, to 8,475.31. Reporting by Caroline Valetkevitch; Editing by Sandra MalerOur Standards:The Thomson Reuters Trust Principles.

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