Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.
The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range.
The Dow Jones Industrial Average .rose 53.91 points, or 0.21 percent, to close at 26,071.72, the S&P 500 gained 12.27 points, or 0.44 percent, to 2,810.3 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38.
Shares of Adani Ports gained over 3.5 percent intraday as investors reacted positively to the December quarter performance.
The company reported a 19.51 percent jump in its consolidated profit at Rs 1,001 crore for the third quarter ended December 31, 2017. The logistics arm of Adani Group had clocked a consolidated profit of Rs 837.58 crore in the corresponding period last fiscal, it said in a BSE filing.
Biocon shares gained 2 percent after the company and Sandoz, a division of Swiss-pharmaceutical major Novartis, said they have entered into a global partnership to develop, manufacture and commercialize multiple biosimilars in immunology and oncology for patients across the globe.
The Dow Jones industrial average fell on Thursday as investors assessed the possibility of the government shutting down at the end of the week.
The 30-stock index closed 97.84 points lower at 26,017.81 after falling 168.33 points at its session lows. The S&P 500 alternated between gains and losses throughout the session before closing 0.2 percent lower at 2,798.03.