US stocks push closer to their records as Wall Street closes out another winning week

NEW YORK (AP) — U.S. stocks closed out another strong week on a positive note. The S&P 500 rose 0.7% Friday, its fifth gain in a row and bringing its gain for the week to 5.3%. It was the third week of solid gains in the last four. The Dow Jones Industrial Average added 0.8%, and the Nasdaq composite climbed 0.5%. Stocks rallied this week after the United States and China agreed on a 90-day pause for most of their punishingly high tariffs, while encouraging reports on inflation have raised hopes the Federal Reserve can cut interest rates later this…