(CNBC) The S&P 500 posted on Friday its best closing level since early February as shares from some of the largest tech companies hit record highs.
The broad index climbed 0.1 percent to 2,801.31 as Facebook, Amazon and Microsoft climbed 0.2 percent, 0.9 percent and 1.2 percent, respectively. Friday also marked the first time since Feb. 1 the S&P 500 closed above 2,800.
“2,800 has been a significant level both mentally and technically for the market,” said Jeff Kilburg, CEO of KKM Financial. “I think this will be a short-lived move above 2,800, however” as trade concerns and corporate earnings releases keep gains at bay.