Updated 4 hours ago

Dow, S&P 500 Mark New Highs. More Stocks Are Joining the Rally.

The Dow Jones Industrial Average and the S&P 500 ended Friday at new records, after Wall Street shoved money into the stock market in the first week of the year.

The Dow rose 238 points, or 0.5%, while the the S&P rose 0.7%. The Nasdaq Composite gained 0.8%, but remained far from its all-time high levels.

The Russell 2000, an index that tracks stocks of companies with smaller market capitalizations, rose 0.8% on Friday. The index outpaced the other major indexes this week, suggesting that investors moved away from popular tech stocks and invested elsewhere in the market.