Late Gains Lead Dow, S&P To New Highs

Stocks overcame early pessimism to end higher Friday, another day of records.

The Dow Jones Industrial Average gained 30.34 points, or 0.2%, to 15,658.36, topping yesterday's all-time high of 15,628.02.

The Nasdaq rose 13.84 points, or 0.4% to 3,689.59, another new 52-week high.

The S&P 500 added 2.8 points, or 0.2% to 1,709.44, edging out its previous 1,706.87 high.

Bucking the trend, the Russell 2000, which logged a record close yesterday, fell a fraction of a point.

It's the second day in a row of record closings, although Thursday's moves were much bigger. For the week, the Dow is up 0.6%, the Nasdaq climbed 2.1%, and the S&P added 1.1%.

For the Dow, it was its longest winning streak since the week ending August 17, 2012, when the market rose for six straight weeks.

Stocks shrugged off early concerns about a disappointing jobs report. Still, most big news makers were in the red.

Chevron (CVX) lost ground on its second-quarter report, as did Alpha Natural Resources (ANR).

J.C. Penney (JCP) ended lower despite reports that CIT had lifted its credit restrictions, while Weight Watchers (WTW) sank on its disappointing guidance and the departure of its CEO.