NEW YORK: Wall Street stocks advanced and the Nasdaq closed at a record high on Friday in a holiday-shortened week, as retailers kicked off the year-end shopping season amid record COVID-19 hospitalizations.
"It does bode well for next month," Cardillo added."Will we see a Santa rally? Most likely. Will it be as robust as November? That's a big question mark." As U.S. hospitalizations for coronavirus set a grim record of more than 89,000, the race for a medical solution to the pandemic has led to promising vaccines from Pfizer Inc, Moderna Inc and others, fueling optimism for light at the end of the tunnel.
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