Wall Street closes at new highs after day of choppy trading

Friday, October 29, 2021, Vol. 45, No. 44

Stocks are ending higher Friday as Wall Street closed out a milestone-setting week.

Health care, communication services and technology companies rose. The three major indexes all set records: The S&P 500 rose 0.2%, while the Dow Jones Industrial Average gained 0.3% and Nasdaq closed 0.3% higher.

Apple fell 1.8% and Amazon lost 2.2% after both companies cited continued supply chain difficulties in their latest quarterly reports.

The Commerce Department reported that consumer spending grew just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation.