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Both the Standard & Poor’s 500 and Dow indexes gained in a large rally on Friday, with tech, healthcare and financials stocks the biggest supporters, with investors betting on a recovery they say , will lead to the fastest economic growth since 1984 or so. 40 years ago.
Both indices ended a choppy week on the upside.
The Nasdaq index also closed higher with the advance of less popular tech stocks, but the combined index posted its second consecutive weekly loss.
The Dow Jones Industrial Average index rose 453.4 points, or 1.39% to 33,072.88 points, and the Standard & Poor’s 500 index closed up 65.02 points, or 1.66%, to 3,974 points, and the Nasdaq Composite Index rose 161.05 points, or 1.24%, to 13,138.73 points.
On a weekly basis, the S&P was up 1.6%, the Dow Jones by 1.4% and the Nasdaq by 0.6%.
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