(CNBC) The S&P 500 closed at a record on Friday, capping off Wall Street’s strong rally this week, despite inflation hitting a 39-year high. The S&P 500 rose 0.95% to 4,712.02 to close at a record. The 500-stock average sits 0.7% from its all-time high. The Dow Jones Industrial Average gained 216.30 points, or 0.6%, to 35,970.99. The technology-focused Nasdaq Composite climbed 0.7% to 15,630.60.
S&P 500 rises to record close Friday despite inflation fears, posts best week since February
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