U.S. stocks end higher Friday, S&P 500 and Nasdaq book third week of gains

U.S. stocks finished higher Friday, with the S&P 500 and Nasdaq Composite booking a third straight week of gains, as investors focused on a strong labor market that could smooth the way for a more aggressive path of interest rate hikes from the Federal Reserve as it seeks to tackle hot inflation.

The Dow Jones Industrial Average DJIA, +0.40% added about 140 points, 0.4%, ending near 34,818, while the S&P 500 index SPX, +0.34% edged up 0.3% and the Nasdaq Composite advanced 0.3%. For the week, the S&P 500 rose 0.1% and the Nasdaq gained 0.7%, but the Dow ended 0.1% lower, halting its weekly win streak to two weeks.

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