S&P hits five-month high as industrials, energy boost; banks weigh

S&P 500 closes at highest level in five months as industrials rise

NEW YORK (Reuters) – U.S. stocks edged higher on Friday, with the S&P 500 hitting a more than five-month high, as gains in industrials and other areas offset a drop in financials after results from three big Wall Street banks mostly disappointed investors.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average rose 94.52 points, or 0.38 percent, to 25,019.41, the S&P 500 gained 3.02 points, or 0.11 percent, to 2,801.31 and the Nasdaq Composite added 2.06 points, or 0.03 percent, to 7,825.98.

Reporting by Caroline Valetkevitch; Editing by Nick Zieminski

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