Dow industrials, S&P 500 rally mightily on Friday but fail to avoid longest weekly losing streak in over a year

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U.S. stocks finished a weekly trading stretch, marked by wild swings, on a higher note, shrugging off uncertainty about additional coronavirus stimulus from...

U.S. stocks finished a weekly trading stretch, marked by wild swings, on a higher note, shrugging off uncertainty about additional coronavirus stimulus from Washington, rising cases of coronavirus and a stall-out in some components of economic data. Investors still turned to the perceived safety of technology stocks, helping the Nasdaq Composite COMP, +2.

23, 2019, FactSet data show. The Dow DJIA, +1.33% finished the session up by about 360 points, or 1.3%, at about 27,174, while the S&P 500 closed 1.6% higher at around 3,298, on a preliminary basis. For the week, the Dow booked a 1.8% decline while the S&P 500 SPX, +1.59% lost 0.6% over the five-session stretch. The Nasdaq Composite, however, closed up 2.3% on the session to reach 10,913, on a preliminary basis. That helped the tech-laden benchmark record a 1.

 

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