· The S&P 500 rose marginally on Friday to mark its biggest weekly increase in five years, although earlier gains evaporated after the indictment of Russians for meddling in the 2016 presidential election sent investors into defensive mode before a long weekend.
The Dow Jones Industrial Average .DJI rose 0.08 percent to end at 25,219.38 points, while the S&P 500 .SPX gained 0.04 percent to 2,732.22. The Nasdaq Composite .IXIC dropped 0.23 percent to 7,239.47.
The Dow rose 4.25 percent for the week, its strongest weekly gain since November 2016.
The Nasdaq rose 5.31 percent for the week, its best week since December 2011.
The S&P 500’s 4.3 percent gain for the week was its biggest weekly advance since January 2013. But it remains down nearly 5 percent from its record high on Jan. 26.
· A market correction sparked by inflation concerns earlier in February raised fears that a nine-year bull market had ended, but data on consumer prices and retail sales this week left investors less worried, returning the stock market to its upward trajectory.
· The office of U.S. Special Counsel Robert Mueller charged 13 Russian nationals and three Russian companies accused of interfering with U.S. elections in an effort to support then-candidate Donald Trump.
· Asian markets rose in morning trade on Monday, after the U.S.'s S&P 500 extended its winning streak on Friday to six days. Markets in the Greater China region remain closed for the Lunar New Year holiday.
· Japan's Nikkei 225 rose 1.13 percent in early trade, while the Topix index was up 1.2 percent. South Korea's Kospi index gained 0.87 percent.
· The U.S. market will be closed on Monday for Presidents Day.
Reference: Reuters, CNBC
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