US stocks turn higher, close at fresh record highs

US stock indices rose at the close of trading on Friday, erasing previous session losses, to close Wall Street at new record levels.

Meanwhile, discussions between the White House and Congress are ongoing to pass the plan to support the US economy.

US Treasury Secretary Janet Yellen said earlier this week that the lockdown restrictions might get extended to the end of this year if the Congress does not pass Joe Biden's $1.9 trillion stimulus plan.

To the oil market, WTI crude March futures rose 2.1% or $1.23, and closed at $59.47 a barrel, with weekly gains of 4.7% after hitting a day high of $59.8 and a low of $57.4.

Brent April futures rose 2.1% or $1.29, and closed at $62.43 a barrel, and posted weekly gains of 5.2%, after hitting a high of $62.8 and a low of $60.2

As for stocks, Dow Jones rose 0.1% or 28 points, and closed at 31,458, with a weekly gain of 1%, a day high of 31,475, and a low of 31,375.

Nasdaq rose 0.5% or 69 points to 14,095, and registered a 1.7% weekly gain, with a high of 14,102 and a low of 13,937.

S&P 500 rose 0.5% or 18 points to 3,935, and posted a weekly gain of 1.2%, after hitting a high of 3,937 and a low of 3,905.