The U.S. stock market closed out its fifth-straight week of gains with new highs Friday, buoyed by positive economic news from China and Europe. The People’s Bank of China announced a surprising interest rate cut on Friday — the bank’s first in two years and one that sent international markets higher.

Topics:  people&rsquo   mario draghi   central bank   the dow jones industrial average   the s&p   nasdaq   friday&rsquo   ceo&rsquo   earlier   japan&rsquo   the dow jones   u.s    fortune   u.s    china   europe   the   s&p   week   markets   record   close   gains   economy   news   finish   points   high   interest   rate   days   fifth-straight   positive   investors   index   global   jumped   
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