Dow Jones, S&P, Nasdaq close in on records

Woodshaw Financial Group Principal D.R. Barton on his outlook for the markets.

U.S. stock markets were on a collision course with all-time highs on Friday as they climbed for a fourth straight session. 

Ticker Security Last Change Change %I:DJI DOW JONES AVERAGES 34959.03 +135.68 +0.39%SP500 S&P 500 4388.39 +20.91 +0.48%I:COMP NASDAQ COMPOSITE INDEX 14732.760927 +48.16 +0.33%

The Dow Jones Industrial Average gained 173 points, or 0.5%, while the S&P 500 and the Nasdaq Composite advanced 0.46% and 0.31%, respectively. All three of the major averages ended Thursday’s session within 0.5% of their respective record highs. 

Ticker Security Last Change Change %INTC INTEL CORP. 52.88 -3.08 -5.51%

In stocks, Intel CEO Pat Gelsinger told The Wall Street Journal that the global chip shortage could stretch into 2023. The shortage, which was the result of lockdowns aimed at slowing the spread of COVID-19 has snarled auto production and caused supply chain…

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