U.S. stocks rise to record-closing highs Nasdaq C

U.S. stocks rise to record-closing highs
Nasdaq Composite’s win streak longest since July 2011
NEW YORK (MarketWatch) — U.S. stocks on Friday recorded a third week of gains, with the Dow industrials and the S&P 500 tallying record closes following upbeat earnings from two major banks.

“There’s plenty of action in individual names,” emailed Elliot Spar, market strategist at Stifel, Nicolaus & Co., while noting the S&P 500’s 8-point range during Friday’s session.

That said, “a couple of stock-specific issues are not going to derail the bulls as the buyers still have momentum at their backs. However, if the stock-specific issues start to add up with respect to earnings shortfalls or pre-announcements, then that would be enough ‘cover’ for people to take money off the table,” Spar added. http://www.marketwatch.com/story/us-stocks-st...atest_news