SandP, Nasdaq set records.

US stocks rallied to close out the trading week on Friday as the SandP 500 set a closing record for the third time in five days after an upbeat US jobs report and data on Chinese manufacturing eased concerns about slowing global growth.

Job growth slowed less than forecast in October, as a drag from a strike at General Motors was made up for in other areas of the labor market, while job gains in the prior two months were stronger than previously thought.

Along with the SandP's new high, the Nasdaq eclipsed its July closing record. The SandP has climbed for four straight weeks, its longest streak since February, while the Nasdaq has gained in five straight weeks as quarterly earnings...