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Market Recap: Friday, April 16

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Stocks traded higher Friday in another record-setting day on Wall Street, with a batch of stronger-than-expected economic data and corporate earnings results helping fuel a risk rally. The S&P 500 and Dow each rallied to record levels, with the latter extending gains well beyond the 34,000 level. The Nasdaq ended a choppy session slightly higher, with technology stocks steadying after recent gains. Chief US Economist at UBS, Seth Carpenter, and Columbia Threadneedle Investments Global Head of Fixed Income, Gene Tannuzzo, joined Yahoo Finance Live to discuss.