Wall Street rallies to end the week

NEW YORK (AP) — Wall Street rallied to records on Friday after Federal Reserve Chair Jerome Powell said it will be a while longer before the Fed pulls interest rates off the record low that’s helped markets soar. Friday’s widespread rally swept up everything from stocks and bonds to gold. The S&P 500 rose 39.37, or 0.9%, to 4,509.37 to top its prior all-time high set on Wednesday. The Dow Jones Industrial Average climbed 242.68 points, or 0.7%, to 34,455.80, and the Nasdaq composite gained 183.69, or 1.2%, to 15,129.50. Stocks have set record after record this year thanks in large part to the Federal Reserve’s massive efforts to prop up the economy.