Dow hits record on Intel earnings

Trump Rallies Dollar in Davos, While Dow Manages Record Close

The Dow Jones Industrial Average rose 118.63 points, or 0.45 percent, to 26,511.42, the S&P 500 gained 21.33 points, or 0.75 percent, to 2,860.58 and the Nasdaq Composite added 65.98 points, or 0.89 percent, to 7,477.15.

For the week, the Dow rose 2.08 percent, the S&P 500 gained 2.22 percent and the Nasdaq advanced 2.31 percent. The company's stock rose 1.89 percent and closed at 252.36 US dollars per share. Fourth-quarter gross domestic product increased at a 2.6 per cent annual rate, the Commerce Department reported.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.44 percent at 89.002, and on track for its worst weekly performance since May.

Of the 133 S&P 500 companies that have reported quarterly earnings so far, 79.7 percent have topped expectations, versus an average of 72 percent over the previous four quarters.

As of Thursday, 77 per cent of the S&P 500 companies that had reported surpassed earnings expectations, while 79 per cent of those companies had beaten sales estimates, according to U.S. financial information company FactSet. For the week, the MSCI index was up 2 per cent.

The Russell 2000 is up 4.04 points, or 0.3 percent.

New Man United deal recognises 'hard work and dedication' - Mourinho
Should he remain at United for the duration of his new contract, Mourinho's stay would be the longest of his mangerial career. It shows that with a bit of confidence and belief after you've scored that you can go for it and score again , said Wenger.

Starbucks dropped 4.23 per cent after it warned 2018 global cafe sales growth would be at the low end of its forecast.

Bond prices fell. The yield on the 10-year Treasury rose to 2.66 percent.

Gold also rose with the dollar's decline.

U.S. Treasury prices ended mostly higher, with the benchmark 10-year yield sliding 3 bps to 2.62% and the two-year yield finishing flat at 2.08%.

The financials group, which accounts for more than one-third of the TSX's weight, was the lone declining group, slipping just over 0.1 per cent as shares of some of the country's major banks declined. Brent crude futures settled up 10 cents, or 0.1 per cent, at $70.52 per barrel, while United States crude futures closed at $66.14, up 63 cents, or almost 1 per cent.

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