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What Happened in the Stock Market Today

TheMotleyFool

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Earnings reports and a potential megamerger in tech drove stocks higher on Friday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) both closing at new records.

Data source: Yahoo! Finance.

News of a possible buyout of Qualcomm by Broadcom added to positive earnings reports to propel tech stocks upward; the Technology Select Sector SPDR ETF (NYSEMKT: XLK) rose 0.81%. Health care stocks were also strong, with the Health Care Select Sector SPDR ETF (NYSEMKT: XLV) rising 0.79%.

Source: Fool.com