US stocks soared on Friday, giving markets their second week of gains in a row. This hasn’t happened since the first half of February.
Markets were in the green Friday as investors were hopeful a potential coronavirus treatment could help fight the pandemic. Discussions about reopening parts of the US economy also put Wall Street in a cheery mood. News that China’s economy contracted by 6.8% in the first three months of the year, couldn’t derail the positive sentiment.
- The Dow finished nearly 3%, or 705 points, higher. It gained 2.2%for the week.
- The S&P 500 closed 2.7% higher, for a 3% gain on the week.
- The Nasdaq Composite closed up 1.4%. It rose 6.1% this week.
— CNN