· The Dow Jones Industrial Average .DJI rose 30.71 points, or 0.13 percent, to end at 22,871.72, and the S&P 500 .SPX gained 2.24 points, or 0.09 percent, to 2,553.17.
The Nasdaq Composite .IXIC added 14.29 points, or 0.22 percent, to 6,605.80, a record closing high.
For the week, the Dow was up 0.4 percent and the S&P 500 was up 0.2 percent. The Nasdaq rose 0.2 percent for the week, registering a third week of gains.
· U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains.
· Data showed U.S. retail sales jumped in September, and the University of Michigan’s consumer sentiment index hit its highest since January 2004.
· Another report showed consumer prices recorded their biggest increase in eight months as hurricanes Harvey and Irma boosted demand but underlying inflation remained muted.
· The CBOE volatility index .VIX remains at historically depressed levels, closing at 9.61 on Friday.
· Major Asian indexes on Monday are expected to focus on Wall Street's firmer Friday close as investors await the release of China inflation data.
· In Asia, Japanese equities look set to extend gains at the open after the Nikkei 225 touched a 21-year high in the last session. Nikkei futures traded in Chicago were up 0.59 percent at 21,280 and Osaka futures were 0.31 percent higher at 21,220. The benchmark index closed at 21,155.18 on Friday.
· Ahead, China is likely to be in the spotlight this week as the 19th National Congress of the Communist Party China kicks off on on Oct. 18. Investors in the region will also keep an eye on inflation data out of the world's second-largest economy due later in the day.
Reference: Reuters, CNBC
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