Advertisment
The Dow Jones Industrial Average advanced on Friday as the major U.S. averages headed for weekly gains.
The 30-stock index rocketed 328.22 points to 44,198.57.
The S&P 500 index gathered 17.31 points to 5,964.75.
The NASDAQ Composite slid 0.18 points to 18,972.24.
All three major averages are on track to end the week higher by more than 1%. That marks a turn from last week, when Wall Street’s postelection rally stalled.
Shares of Gap jumped more than 3% after the company beat earnings estimates and hiked its full-year sales guidance.
Elsewhere, investors kept an eye on bitcoin as it neared the long-awaited milestone of $100,000.
Prices for the 10-year Treasury regained some strength, lowering yields to 4.41% from Thursday’s 4.42%. Treasury prices and yields move in opposite directions.
Oil prices gained 76 cents to $70.86 U.S. a barrel.
Prices for gold hiked $31.90 an ounce to $2,706.86 U.S.
