Dow Rises 400 Points, S&P 500 Heads for Best Week Since November as Rates Fall
Stocks climbed Friday, as Wall Street looks complete its first weekly gain of the new year.
The Dow Jones Industrial Average traded 400 points higher, or 1%. The S&P 500 gained 1.2%, and the Nasdaq Composite advanced 1.7%.
Big tech stocks were also higher on the day, with shares of Tesla popping 4.6%. Chipmaking giant Nvidia jumped 3.2%, while Alphabet shares added more than 1% each.
For the week, the Dow and S&P 500 are up 3.9% and 3%, respectively. That puts them on pace for their biggest weekly advance since the week of the U.S. presidential election in November. The Nasdaq Composite, up 2.5% week to date, is headed for its best one-week performance since early December.
Source : CNBC
