NEW YORK: The Dow blue chips closed in the black Friday to end the week higher but the Nasdaq took a turn lower pulled down by a sharp fall in the share price of leading biotech firm Gilead.
At the closing bell the Dow Jones Industrial Average was up 46.70 points (0.36 percent) to 12,950.78, its best finish since May 19, 2008.
The broad-based S&P 500 added 3.17 points (0.23 percent) to 1,361.21, while the Nasdaq Composite lost 8.07 (0.27 percent) to 2,951.78.
Markets were cautious amid stronger signals from Europe that Greece's complex bailout could be decided Monday. European markets were higher amid rising confidence, with the Eurostoxx 50 average of blue chips jumping 1.2 percent.
Inflation data showing the US consumer price index rose 0.2 percent month-on-month in January from December's flat rate helped temper early trade.
"Although the gain in headline CPI was less than expected in January, core inflation pressures continue to build," said RDQ Economics.
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