Wall Street climbed on Friday as both the S&P 500 and Dow hit records on the latest round of strong earnings reports, including results from Intel and AbbVie, as well as continued weakness in the dollar. The advance put the three main indexes on pace for their best four-week run since 2016. Intel's shares surged as high as $49.95, the highest level since October 2000, and were last up 9.81 percent after results indicated that the chipmaker's shift to higher-margin data-center business was working. AbbVie's shares jumped 12.68 percent to a record after the drugmaker significantly boosted its 2018 earnings forecast. domestic product increased at a 2.6 percent annual rate in the fourth quarter, the Commerce Department said in its advance GDP report, below the 3-percent forecast, as the strongest pace of consumer spending in three years resulted in a surge in imports. The dollar was on track for its worst week since May after comments from senior U.S. officials this week backing a weak currency. The Dow Jones Industrial Average rose 118.63 points, or 0.45 percent, to 26,511.42, the S&P 500 gained 21.33 points, or 0.75 percent, to 2,860.58 and the Nasdaq Composite added 65.98 points, or 0.89 percent, to 7,477.15.
