Friday’s session ended well into positive territory. Hewlett-Packard gains led the S&P 500 to an all-time record close. Stocks stepped up amid the release of respectable housing data.
Brands such as Pfizer and Tiffany posted gains on Wednesday amid the release of minutes from the FOMC’s April 29-30 meeting. Comments revealed no plans to raise interest rates any time soon. Policy makers continued to see risks to the outlook for the economy and the labor market as roughly balanced.