Dow closes at a record high, buoyed by IBM

Reuters

Dow sets new record heading into weekend

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NEW YORK (Reuters) - The Dow ended at a record high on Friday, boosted by shares of IBM , while a rebound in high-growth momentum names helped the broader market.

The Dow Jones industrial average <.DJI> rose 32.37 points or 0.2 percent, to end unofficially at 16,583.34. The S&P 500 <.SPX> gained 2.85 points or 0.15 percent, to finish unofficially at 1,878.48. The Nasdaq Composite <.IXIC> added 20.374 points or 0.50 percent, to 4,071.869.

For the week, the Dow rose 0.4 percent, while the S&P 500 fell 0.1 percent and the Nasdaq lost 1.3 percent.

(Reporting by Angela Moon; Editing by Jan Paschal)

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