Optimism over U.S.-China trade talks sparked buying on Wall Street Friday.
The S&P 500 and Nasdaq rose for the fourth time in five days.
Tech stocks spearheaded the rally.
Mercadien Asset Management president, Ken Kamen: SOUNDBITE: MERCADIEN ASSET MANAGEMENT PRESIDENT, KEN KAMEN, (ENGLISH) SAYING: "I think we're gonna kind of stay around these ranges.
I don't think we're going to be, you know, getting another 10 or 15 percent from here." Investors got more signs of a sharp slowdown in economic growth.
Manufacturing output fell for a second straight month in February.
But investors felt relief upon learning from China's state-run news agency that Washington and Beijing were making substantive progress on trade talks.
That drove up China-sensitive sectors like chips.
Amazon shares vaulted past the $1700 a share level.
KeyBanc upgraded shares of the e-commerce giant to "overweight", noting that its plans to open grocery stores could boost its margins.
Tesla shares fell one day after the electric car maker unveiled its Model Y sport utility.
Spotify shares rose after Apple struck back at the music streaming company, saying it had distributed nearly 200 app updates on Spotify's behalf.
Spotify had filed a complaint with EU antitrust regulators, saying Apple unfairly limits rivals to favor its own streaming music service.