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S&P Dow Jones Indices

Stocks rise to record highs, now on a six-week winning streak

Stocks rise to record highs, now on a six-week winning streak

Wall Street capped a week with no shortage of milestones with a few more Friday.

U.S. stocks closed higher, lifting the Standard & Poor's 500 index to its fifth record close in a row. The Dow Jones industrial average, which crossed past the 23,000 mark for the first time Wednesday, also finished the day with its fifth-straight all-time high.

Banks led the winners Friday. Technology companies also posted big gains, helping to drive the Nasdaq composite to a record high.

The latest milestones came as investors drew encouragement from the Senate's passage of a budget bill that is expected to ease the path for the White House's tax-cut proposal.

“Market...

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