The Dow Jones Industrial Average rose 54.78 points, or 0.3 percent, to end at a record 16,064.77, with Boeing pacing gains that included 23 of the blue-chip index's 30 components. After finishing above 16,000 for the first time on Thursday, the Dow set an intraday record of 16,068.78, and ended up 0.7 percent for the week, which marks a seventh consecutive weekly rise, its longest such stretch since an eight-week advance that ended Jan. 21, 2011.
Intel fell 5.4 percent, a day after the Dow components and semiconductor manufacturer's annual meeting for Wall Street analysts, at which its CEO said he expects 2014 sales to be roughly the same as this year.
Ross Stores declined after the discount retailer warned of intense competition and discounting during the holiday shopping season, and forecast fiscal fourth-quarter profit beneath Wall Street's expectations. United States Steel fell after Wells Fargo downgraded the metal producer to underperform from market perform.
The S&P 500 rose 8.91 points, or 0.5 percent, to 1,804.76, its first finish above 1,800, with health care the best performing and telecommunications the largest laggard of its 10 industry groups. It climbed 0.4 percent from last Friday's close, extending to seven its streak of weekly gains. The Nasdaq added 22.49 points, or 0.6 percent, to 3,991.65, leaving it up 0.1 percent for the week.
The CBOE Volatility Index (VIX), a gauge of investor uncertainty, fell to 12.35.
The dollar declinedagainst the currencies of major U.S. trading partners, while the 10-year Treasury yield used in figuring mortgage rates and other consumer loans fell 4 basis points to 2.75 percent.
On the New York Mercantile Exchange, gold futures for February delivery gained 30 cents to end at $1,244.60, leaving it down 3.4 percent for the week. Crude-oil for January delivery fell 60 cents to $94.84 a barrel, up 1.1 percent for the week.