Wall Street extended its gains Friday as the Standard & Poor’s 500 index and the Dow Jones industrials pushed further into record territory a day after a big rally. The Dow surpassed the 13,900 mark for the first time as component General Electric Co. jumped following its quarterly profit report.

Despite the advance, the technology-heavy Nasdaq composite index stalled. Also, declining issues outpaced advancers by about 8 to 7 on the New York Stock Exchange.

Nonetheless, investors still seemed upbeat about earnings and takeover activity and appeared only slightly disappointed by the Commerce Department’s report that retail sales dropped 0.9 percent last month, following a revised 1.5 percent jump in May. The June figure was weaker than anticipated and marked the steepest decline in nearly two years. (APP)