The Dow Jones Industrial Average rose 95.16 points, or 0.36 percent, to 26,347.28, the S&P 500 gained 0.02 points to 2,837.56 and the Nasdaq Composite added 0.38 points, or 0.01 percent, to 7,415.44.
Shares (Berlin: DI6.BE - news) of Intel, which hit their highest in nearly two decades following its quarterly results, boosted the USA stock market, helping investors shrug off weaker-than-expected US economic growth data.
The Standard & Poor's 500 index rose 33 points, or 1.2 percent, to 2,872.
The dollar index, which measures the greenback against a basket of six major currencies, was down 0.44 percent at 89.002, and on track for its worst weekly performance since May.
Most sectors are higher in early USA action, paced by the materials group (+0.8%) following Praxair's (+3%) better than expected Q4 results; the tech sector (+0.6%) also is outperforming while financials (-0.2%) lag.
While the Dow and the S&P 500 climbed to new record closing highs, the tech-heavy Nasdaq ended the day in the red.
"The strong cyclical momentum, the ongoing reduction of economic slack and increasing capacity utilisation strengthen further our confidence that inflation will converge towards our inflation aim of below, but close to, 2 percent", he told reporters in Frankfurt after a Governing Council meeting.
United States construction machinery and equipment company Caterpillar said on Thursday that its fourth-quarter adjusted profit was $2.16 a share, topping Wall Street forecasts of $1.77 a share.
The pan-European FTSEurofirst 300 index rose 0.54 percent and MSCI's gauge of stocks across the globe gained 0.29 percent.
Technology and industrial companies made hefty gains, as did Amazon and other retailers, and banks rose along with interest rates.
U.S. Treasury Secretary Steven Mnuchin's endorsement of a weak dollar earlier in the week had triggered a slide in the currency.
Biogen Inc surged 1.92 percent after the drugmaker reported fourth-quarter revenue that beat Wall Street estimates on higher sales of recently launched drug Spinraza.
In a weekly note on capital flows, Bank of America Merrill Lynch analysts said that 98 per cent of global equity markets are now trading above 50- and 200-day moving averages, though the pace of the melt-up meant a correction was increasingly likely.
Meanwhile, traders were also digesting a mixed batch of economic data, including a report from the Commerce Department showing a steep drop in new home sales in the month of December. The stock was last down 0.42 percent.
The Dow is up 1,673.57 points, or 6.8 percent.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.66 percent, matching its highest level in more than three years. For the week, the MSCI index was up 2 percent. The company's stock rose 1.89 percent and closed at 252.36 USA dollars per share. Natural gas rose 9 cents, or 2.5 percent, to $3.53 per 1,000 cubic feet.
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