S&P and Nasdaq extend streak with 5th consecutive weekly gains
S&P 500 increased 14 of past 15 weeks for 1st time since year of 1972
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The S&P 500 and the Nasdaq closed Friday higher, recording their fifth straight weekly gains.
The S&P added 28 points, or 0.57%, to end the day at 5,026 -- closing above the 5,000 level for the first time in history.
The index posted a weekly gain of 1.4%, while it increased 14 of the past 15 weeks -- a feat that was last seen in 1972.
The Nasdaq, meanwhile, rose almost 197 points, or 1.25%, to end the day at 15,990. The tech-heavy index added 2.3% for the week.
The Dow Jones, on the other hand, fell 54 points, or 0.14%, to finish the session at 38,671. The blue-chip index remained mostly flat last week.
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