Wall Street stocks have risen to fresh records as investors continue to savour an outstanding US GDP report released earlier this week.

At the closing bell on Friday, the Dow Jones Industrial Average, notching its seventh straight gain, stood at 18,055.77, up 25.56 points (0.14 per cent), a new record.

The broad-based S&P 500 jumped 6.91 (0.33 per cent) to 2,088.79, also a record, while the tech-rich Nasdaq Composite Index gained 33.39 (0.70 per cent) to 4,806.86.

Analysts said stocks were continuing to drift higher after the Commerce Department on Tuesday put third-quarter US gross domestic growth at five per cent.

“In light trading today, the upward bias of the market is pulling us modestly higher,” said David Levy, portfolio manager at Kenjol Capital Management.