Traders work on the floor of the New York Stock Exchange
Mandatory Credit:	Michael M. Santiago/Getty Images

Traders work on the floor of the New York Stock Exchange
Mandatory Credit: Michael M. Santiago/Getty Images

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S&P 500 closes above key 5,000 level for first time

The S&P 500 closed above the 5,000 level on Friday for the first time as bullish sentiment spreads across Wall Street and investors cheered fresh data showing progress on inflation.