(CNBC) U.S. stocks closed higher for the fourth straight week Friday, with the S&P hitting a new record high, as investors waded through mixed earnings and an upbeat U.S. manufacturing report.
The Dow Jones industrial average closed about a quarter of a percent higher as IBM added the most gains and Apple had the biggest negative dollar-impact.
The S&P closed at a record high, with utilities leading all ten sectors in the green. The Nasdaq composite ended the day about a half of a percent higher.
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