NEW YORK - Stocks held onto small gains Friday, enough to mark the latest record high closes for major indexes, and the market notched another weekly increase. <br />
The Standard & Poor's 500 ended the week up 1.4 percent and has risen five out of the last six weeks. The S&P rose three points, or 0.2 percent, to close at 1,962 Friday.<br />
The Dow Jones industrial average gained 25 points, or 0.2 percent, to 16,947.<br />
The Nasdaq rose eight points, or 0.2 percent, to 4,368.<br />
The Dow and S&P 500 are at record highs. The Nasdaq is still well below its dot-com era peak of just over 5,000 points.
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U.S. stocks are closing sharply higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.