S&P 500 index closes out 10th winning week in the past 11

  • In this Dec. 13, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 20. (AP Photo/Richard Drew, File)

Major US indexes are closing broadly higher on Wall Street, giving the S&P 500 index its 10th winning week in the last 11. Rising optimism around a “Phase 1” trade deal announced a week ago between the US and China has helped drive stocks higher, and the market is heading into what’s historically been a seasonally good period. The S&P 500 rose 15 points, or 0.5%, to 3,221 Friday. The Dow Jones Industrial Average rose 77 points, or 0.3%, to 28,454. The Nasdaq rose 37 points, or 0.4%, to 8,924. Bond prices fell. The yield on the 10-year Treasury rose to 1.92%.