U.S. stock indexes on Friday closed out what has been a stellar start to a calendar year for equity trading. In fact, the roughly 4.4% rise for the Dow Jones Industrial Average DJIA, +0.89% and the 4.2% rise for the S&P 500 index SPX, +0.67% so far in 2018, represent the best start to a year since 2003, according to WSJ Market Data Group. The Nasdaq Composite Index’s COMP, +0.68% 5.2% advance so far this month, marks the best start to a year since 2004. All three benchmarks finished at all time highs on Friday, along with the Dow Jones Transportation Average DJT, +0.79% and the small-cap focused Russell 2000 index RUT, +0.33%

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