Stocks Close At New Highs

NEW YORK (November 15, 2013) Stocks set their latest record highs Friday as the market closes out a sixth straight week of gains, the longest winning streak since February.

The Dow Jones industrial average rose 85 points, or 0.5 percent, to end at 15,961 Friday.

The Standard & Poor's 500 index gained seven points, or 0.4 percent, to close at 1,798.

The Nasdaq composite rose 13 points, or 0.3 percent, to end at 3,985 points.

Traders were hopeful the Federal Reserve will continue its easy-money policies under incoming chief Janet Yellen, who testified in a confirmation hearing in front of a Senate committee Thursday.

Two stocks rose for every one that fell on the New York Stock Exchange.

In government bond trading, the yield on the 10-year Treasury note rose to 2.71 percent.

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