Wall Street wraps up strong week and quarter; S&P closes at record

Posted September 30, 2017

It's the longest since an 11-quarter boom that ended in September 1997, according to FactSet stats.

For Q3, the Dow climbed 4.8% and the S&P advanced 4% in their eighth straight quarterly gains, while the Nasdaq rallied 5.8% in its fifth straight quarterly rise. The S&P 500 added 9.30 points, or 0.37 percent, to 2,519.36.

More news: VW slapped with new $3bn penalty over diesel emissions scandal

The GOP tax plan released Wednesday breaks rates down into three categories and cuts corporate tax rates.

Now to the figures at the closing bell, USA markets closed mostly higher on Thursday, . with just the Nasdaq ending lower among the big three.

More news: Civilian killed in failed attack on Mattis in Kabul

Another report showed the Chicago purchasing management index, which gauges factory activity, came in better than expected for September. The Dow Jones Industrial Average, up 0.25% on the week, missed out on setting a new record. For the week, the Dow rose 0.2% and the S&P rose 0.7% in their third straight weekly advance.

Sept 28 (Reuters) - Gains in McDonald's lifted the Dow in early afternoon trading on Thursday, while a cooling of the enthusiasm generated by President Donald Trump's tax plan pressured financial and technology stocks.

More news: Mourinho Confirms 3 Players Will Miss Champions League Clash

Advancing issues outnumbered declining ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.