STOCKS end higher in New York's bourses. AFP

Wall Street stocks streaked to fresh records on Friday, propelled by continued positive sentiment on trade and solid US economic data.

Stock markets elsewhere were mixed, while the dollar gained and oil prices slipped on profit taking after six straight gains.

“Once you get to a new high, it doesn’t take much to get to another one,” said Art Hogan, chief market strategist at National Securities, who described investors as “content.”

“Tariffs are probably peaked out and we’ll probably see fewer tariffs in 2020,” Hogan said, citing last week’s US-China announcement that called off new tariffs.

Investors are also more confident than earlier in the year that the United States will avert a recession following a stream of mostly solid economic data.

Official figures released Friday confirmed third-quarter US growth at 2.1 percent.

Meanwhile, the dollar, which has retreated somewhat in recent months, advanced against major currencies, bolstered by strong US personal income and consumer confidence data, as well as the stock market records.

Still, BK Asset Management’s Kathy Lien warned the greenback could be vulnerable.

“The US economy is not improving as fast as everyone hopes, the central bank has no plans to tighten, although the chance of further easing is slim as well,” Lien said.

“We don’t expect any significant positive headlines over the next 2 weeks which means that the risk for the dollar is still to the downside although consolidation is the most likely.”

Bourses in Paris, Frankfurt and London also rose.

Asian equities traded mixed with investors awaiting fresh catalysts to drive business. But with the China-US trade deal agreed and Christmas approaching many are in wind-down mode.