Epic Research Update : US Markets

U.S. stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors were once again willing to overlook some soft economic data stemming from bad weather.

Gains were broad, with the Nasdaq closing at its highest level since 2000 and nine of the 10 major S&P 500 sector indexes rising on the day. The only declining sector was telecom , which is viewed as a defensive play. Energy, which is closely tied to the pace of economic growth, was the day’s biggest advancer, up 1.5 percent.

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