(Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday for the first time in months, rebounding from a slump caused by U.S. President Donald Trump’s trade policies that threatened to tip the global economy into a recession.

The S&P 500 index advanced 0.5% to about 6,173.07 points, surpassing its previous record high close of 6,144.15 reached on February 19.

The tech-heavy Nasdaq Composite index also gained 0.5%, ending at about 20,273.46 points and surpassing its record high close of 20,173.89 on December 16.

(Reporting by Noel Randewich)